Mississippi Tax ID (EIN) Number Application Manual - Business Help Center

IRS Tax ID (EIN) Application

Mississippi Tax ID (EIN) Number Application Manual

Are you ready to get your business up and running legally? If so, you’ll probably need to get a tax ID number. Your sole proprietorship, partnership, limited liability company (LLC), nonprofit, or corporation will likely need to have a tax ID number in place before it can begin generating revenue. Fortunately, once you learn the basics of tax ID numbers, you’ll realize it’s very easy to obtain one. In this guide, you’ll learn why tax ID numbers are necessary, and the best way to get one for your organization.


Steps to Getting a Mississippi Tax ID (EIN) Number

  1. Tax ID Application: Necessary Information
  2. Mississippi Tax ID: The Online Application
  3. Mississippi Tax ID Through Older Application Methods: Phone, Mail, or Fax
  4. How to You Apply for a Tax ID Number?
  5. How a Small Business Can Get a State Tax ID Number in Mississippi
  6. Mississippi State Tax ID Number: What It Is and How to Get One

1. Tax ID Application: Necessary Information

It’s a good idea to gather all the necessary information for your tax ID number application before you begin the application process. This way, you can finish the application faster, and therefore get your tax ID number faster. No matter which application method you use, the questions you need to answer will be the same. You’ll need to provide several pieces of information on your business and your founding members. For example, you’ll need to provide the full legal names and legal addresses of your business’s founding members. You’ll also need to provide their social security numbers (SSNs).

2. Mississippi Tax ID: The Online Application

If you’re in need of a tax ID number, there are a few different applications to choose from. While you may have a subjective preference, it’s important to realize that some of these application methods are strictly better than others. For example, the online application is better than any traditional application method. No matter what, you’ll be answering the same questions, and you’ll still have to wait some time to get your tax ID. However, the online application is far faster and more convenient.

You can apply for a tax ID number online by using any device with an internet connection, and you can access that application at any time of day. If you’ve gathered all the information listed in the preceding section, you should be able to complete the application in just 5 minutes. When you’re done, you’ll receive your tax ID number via email in less than an hour, making the online application unrivaled in speed.


3. Mississippi Tax ID Through Older Application Methods: Phone, Mail, or Fax

There are some traditional application methods you could use to apply for your tax ID number, but they aren’t nearly as convenient, and they’ll take much longer to complete. For example, if you find a paper application, you can answer the requisite questions by hand, then mail the application or fax it to register your business. You could also call a live representative and answer those questions over the phone, though the hours may not be conducive to your schedule. If you use these methods, you’ll wait 4 to 6 weeks to receive your tax ID via mail, which is far longer than the 1-hour turnaround of the online application.

4. How to You Apply for a Tax ID Number?

There are many available methods you can use to apply for a tax ID number, but they all follow the same basic outline. First, you’ll need to answer several questions about your business in a simple questionnaire, providing the full legal names, legal addresses, and social security numbers (SSNs) of your founding business members. Then, you’ll wait to receive your tax ID number after the application is processed.

There are multiple traditional methods available for this application, including applying over the phone or with a paper application. However, the fastest and most accessible method is to apply online. Applying for a tax ID online is both convenient and intuitive, and you can usually finish the application in just a few minutes. When you’re done, you’ll obtain your tax ID number in less than an hour, making the online application by far the fastest.

5. How a Small Business Can Get a State Tax ID Number in Mississippi

Small businesses may wonder whether they need a Mississippi state tax ID number, and how to get one if they do.

For starters, understand that there’s a difference between your federal tax ID number, also known as an employer identification number (EIN) and your Mississippi state tax ID number. Your small business’s federal tax ID number is assigned when you register with the federal government. You’ll need one if you’re going to hire employees or if your business has multiple members. You’ll also need one if you’re going to apply for a business bank account, a loan, or a line of credit. Most business permits and license applications also mandate a federal tax ID number, so most businesses ultimately end up needing one.

Your small business’s Mississippi state tax ID number is provided by the state government of Mississippi, though it’s also used as a unique identifier. You’ll need one if you’re selling any taxable goods and services in the state, if you’re hiring any employees in Mississippi, or if you’re going to owe excise taxes on regulated goods like alcohol and tobacco. Most small businesses in Mississippi will need both a federal tax ID number and a state tax ID number.

6. Mississippi State Tax ID Number: What It Is and How to Get One

Your business will need a Mississippi state tax ID number if you’re going to hire employees in the state, sell taxable goods and services in the state, or sell products associated with an excise tax (like alcohol and tobacco). So what’s the best way to get this number?

First, you’ll need to have a federal tax ID number, which is required by the application. You can get this in less than an hour by applying online. Once you have it, you can apply for a tax ID using one of several application methods. For example, you can use a traditional application method, such as a phone-based interview or filling out an application. But as you might expect, it’s better to apply online. You should receive your state tax ID in 4 to 6 weeks once you submit the online application.