In this guide, we will touch upon the important points you should pay attention to about intermediaries that offer fast EIN obtaining, EIN acceleration and Express EIN services.
Can I Expedite EIN Number Assignment After Forming an LLC?
As it is known, EIN assignments of LLC companies the IRS . There is absolutely no additional option to speed up this appointment process. If you have an SSN or ITIN number, you can get an expedited EIN, but if you don't, you don't have a chance to expedite it.
Due to the intensity during the pandemic period, the IRS once made rapid EIN assignment by phone, but this is no longer possible.
Think twice before trusting advertisements or services on international and domestic intermediaries and freelancer sites that offer campaigns such as Fast EIN, same day EIN, Express EIN. We will explain the reason for this and how to get EIN quickly in the rest of the article.
How Can You Apply for an EIN?
Once your LLC company is formed, you can obtain an EIN in two ways.
1: If you have an SSN or ITIN, you can get an EIN online in 5 minutes from the IRS website
2: If you cannot meet the requirements in the first article, you must apply via Fax, which is the only remaining option.
SSN is assigned to US citizens, visa residents, temporary visa holders, or Greencard holders. If you meet one of these requirements, you already have an SSN. Or, if you have received an ITIN number for any reason in the past, you can also get an EIN online with this number.
, it is possible to obtain an EIN for your company in 5 minutes by applying from the IRS Online EIN Application as soon as you establish your company
If you do not have an SSN or ITIN, the only option left is to apply via Fax. This is the most accurate and guaranteed method.
To do this, you can fill out a form called SS4, add your company formation document to the rest of the form, and send a fax to the IRS to make your application. This service is completely free.
Response times for applications made this way vary periodically.
Sometimes an EIN is assigned within 2 weeks, while in other periods it may take up to 4-5 weeks. But no application remains fruitless.
If you establish your company with our reference, we will officially submit your EIN application on your behalf, free of charge. this informational article for details .
Using Someone Else's SSN or ITIN for a Fast EIN
IRS regulations are clear and do not include the option to obtain an EIN in the name of an authorized person. Therefore, it is wrong to obtain an EIN for your company using someone else's SSN or ITIN number. If you do this, you will encounter other problems in the future. We will also touch upon this issue at the end of the article.
All EIN applications; It must be carried out on behalf of a real person or one of the company partners. No person you do not know or whose name is not mentioned in the company documents can obtain an EIN on your behalf, nor can anyone else's name be written in the EIN approval letter.
EIN numbers in someone else's name may cause you problems in situations such as paying taxes or opening a bank account. Additionally, it is a crime to obtain an EIN through someone else's SSN or ITIN in IRS records.
How to Get Fast EIN? How Do Express EIN Services Work?
If you do not have privileges such as US residence, visa, Greencard (do not have an SSN) or do not have an ITIN number, you will need to obtain an EIN naturally via fax.
Although this may take some time, you will have an EIN in your name legally. Your application will be completed in approximately 2 to 6 weeks.
No EIN application made by fax goes unanswered, and sooner or later your EIN number will be mailed to your business address.
Let's talk about getting a fast EIN.:
Intermediaries who promise EIN in 1 day, a few days or at the same time process as follows;
They obtain an EIN for your LLC online through the IRS website using a U.S. person's SSN number (they generally do not use their own SSN or ITIN number).
OK, you can get an EIN for your company in this illegal way, but the EIN is issued to a US citizen and your name is not mentioned in any documents.
In other words, you transfer the EIN number, which is the only official document that connects you with your company, to someone else, and you destroy this bond by yourself.
This will create additional problems if detected by the IRS or as a result of a complaint. However, the real problem is that you may get into trouble when applying to many platforms such as bank accounts, stripe accounts, marketplace accounts.
Especially when opening bank accounts, a document called EIN approval letter ( Cp 575G ) is requested. The reason for this is, does the name on the EIN document match your identity? Is it the same name as the owner of the company? This is for control.
Banks or many organizations perform this name match check.
If a match is not achieved, you cannot open an account with the bank or institution you applied to, and your application will be rejected for this reason.
It is possible to encounter the same problem when opening other similar accounts.
If you come across a broker who promises you a fast EIN on the same day or the same week, they will definitely follow this method.
Sometimes they can also apply different methods.
When obtaining an EIN for your company, they ask for a power of attorney from you. They use their own SSN for the EIN, assign the EIN, then transfer the company to you and go to the IRS in person to change the EIN. This way is more innocent and acceptable than the other. But be aware that the cost of this is many times higher than other methods.
Ask for a few sample EIN letters before receiving service from them. Also ask whether your name will be included in the EIN letter they will deliver as a result of the transaction. Ask for detailed information about how the processes work.
There is also the possibility of making changes to the EIN letter because the online EIN application provided by the IRS provides a PDF document at the end of the transaction.
It won't take even a minute for them to change this document and write your name on it.
Moreover, you cannot receive this approval letter again, you cannot change your name because when you call the IRS, they will not even contact you as your name and the records there will not match.
For these reasons, stay away from express EIN services.
A few of our followers reached us regarding this issue. When we checked the EIN approval letters, the name of an Usan person was mentioned and there was no connection between the company owner and this person. Since it is impossible to make corrections through the IRS, many commercial problems occur.
Wait a few weeks and you will naturally have an EIN number registered in your name.
Stay away from this type of risky business.
2 Comments . New Comment
Hello,
I liked your article on this subject so much that I cannot express it. It is one of the valuable information that is not written in any source. I couldn't help but comment. I'm writing this in case the friends who read the article see the comments and read them.
Unfortunately, many brokerage firms that form companies use other people's SSN numbers to obtain EINs for you in order to obtain EINs quickly. I have come across many people in my close circle who are going through the same things regarding this issue. This issue is definitely something that should not be ignored.
I also received service from the StartupSole team. Information was given regarding the process. You will definitely be working with a team that does its job right. Thank you also, Admin, for preparing an article on this subject.
You're welcome, Mr. Ferhat.
A few of our followers reached out to us regarding this issue.
There are usually people who are in a hurry and resort to such methods as a solution, but unfortunately the results are painful.