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

IRS Tax ID (EIN) Application

New Mexico Tax ID (EIN) Number Application Manual

Do you have knowledge about yourself as well as the other members of your organization? Do you know who all of the partners are as part of your LLC or Partnership? Do you have access to the Internet? If you have a yes answer to all of these questions, you can obtain a Tax ID (EIN) Number in New Mexico within 60-minutes or less! The New Mexico Tax ID guide makes it as easy as can be to obtain an employer identification number. Going through the online application process opens up the flood gates and allows the state to validate your information and feed you back an employer identification number in no time at all.


Steps to Obtain your Tax ID (EIN) Number in New Mexico:

  1. Prepare Required Information
  2. Apply for a New Mexico Tax ID Online
  3. Apply for a New Mexico Tax ID by Phone, Mail or Fax
  4. Do I Need a Federal Tax ID Number?
  5. How Do I Get a Tax ID Number in New Mexico?
  6. How Do I Get a New Mexico State Tax ID Number?

1. Prepare Required Information

Your first step should be to prepare all the information you’ll need to complete the application. This will make the process go much more efficiently, which means you’ll get your tax ID in hands faster and with fewer hassles. At a minimum, you’ll need:

  • Names and addresses. Jot down the full legal names and legal addresses of all founding members of your business, a group that includes you and any partners you may have.
  • Social security numbers (SSNs). While you’re at it, get their social security numbers.
  • An official business name. This process will register your business with the government, so you will need to choose a business name if you haven’t already.

2. Apply for a New Mexico Tax ID Online

When you’re ready to begin the application process for your tax ID, you’ll need to choose one of several application options. You can apply for a tax ID using one of several traditional methods, like calling a representative and answering questions about your business over the phone or filling out a paper application and mailing it in. However, these methods tend to be inefficient, and can take much longer to process. Instead, it’s much better to apply for your tax ID online.

Applying online is highly convenient, since you can pull up and fill out the application using any device with an internet connection. The form is easy to understand and navigate, so if you’ve already gathered all the data points listed above, it should only take you 5 minutes to complete. Once completed, you’ll get your tax ID via email in an hour or less, making it the fastest application method by far.


3. Apply for a New Mexico Tax ID by Phone, Mail or Fax

Applying online is recommended for all entrepreneurs, but it isn’t the only application method available. If you get a paper application, you can fill it out by hand, answering mostly the same questions about your business and partners. Once completed, you can mail it or fax it in. You can also answer these questions over the phone, if so inclined. All these methods are less convenient, but more importantly, they take much longer to process; you’ll be stuck waiting 4 to 6 weeks to receive your tax ID by mail, which means you’ll have to wait longer to start your business.

4. Do I Need a Federal Tax ID Number?

Most New Mexico businesses will need to get a federal tax ID number. Your federal tax ID number, which is also sometimes called simply a tax ID and may be referred to as an employer identification number (EIN), is a 9-digit, unique identifying number assigned to your business when you register with the federal government. It’s a requirement for several different business functions.

For example, you’ll need a federal tax ID number if your business has multiple partners, like in a partnership or a corporation. You’ll also need one before you hire any employees. Most financial institutions will require you to provide a federal tax ID number when applying for financial products like loans or business bank accounts, and you’ll need one when applying for most local business licenses and permits. This is typically the same for every state, though each city and state may have different licenses and permits. This is especially the case if you’re trying to obtain a tax ID in California or getting a tax id in Florida.

You can also use a federal tax ID number on most applications in place of a personal social security number, so it has some advantages to your business even if you don’t strictly need one. The vast majority of businesses should strive to get a federal tax ID number.

5. How Do I Get a Tax ID Number in New Mexico?

To get a tax ID number in New Mexico, you’ll need to register your business with the federal government, which you can do through an application. This application asks some basic questions about you and your business, and shouldn’t take long to complete if you’re already familiar with the answers.

However, there are several application methods to choose from, and some are entirely better than others. For example, you could choose a traditional application method like applying over the phone or via mail or fax, but these methods are time-intensive, and tend to be inconvenient. They also take up to 4 to 6 weeks to fully process, delaying the start of your business. Instead, it’s much better to apply for your tax ID online. If you have the right information ready, you can complete the application in just 5 minutes, and receive your tax ID via email in less than an hour.

6. How Do I Get a New Mexico State Tax ID Number?

Though similar in name, your New Mexico state tax ID number is a different number than your federal tax ID number. This number is also a unique identifier for your business, but you’ll receive it upon registering with the state government of New Mexico. You’ll need this number if you’re going to hire any employees in the state of New Mexico, if you’re going to sell taxable goods and services in the state, or if you’ll owe excise taxes on regulated goods like alcohol, tobacco, or gasoline.

Getting a New Mexico state tax ID number is easy if you apply online. First, you’ll need to get a federal tax ID number, which you can get through an online application. Once you have it, you can apply for your state tax ID via a traditional method like phone, mail, or fax, but it’s much more advantageous to apply online. Filling out the online application is fast and convenient, and after you’re done, you’ll get your New Mexico state tax ID in 4 to 6 weeks.