Home Page link  

Assistance in filing SS4 or EIN form for Single member LLC

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Assistance in filing SS4 or EIN form for Single member LLC D Chadha 02-19-2008
Posted by D Chadha on February 19, 2008, 1:22 am
Please log in for more thread options
 Hi,

I have opened a Single member LLC in Virginia by filing articles of
organization and got a certfiface for the same. Now the second step is
to get the EIN. I have gone through the instructions of latest SS4
form and almost filled the form also. But I have few questions in that
as follow:

1. As per the latest SS4 form (Rev July 2007), there is no need to get
EIN for single member LLC (which is my case). But I do want a separate
EIN so that I don't have to use my SSN at all the places. My first
question is that Can I still get EIN for single member LLC ?

2. What should I put in #1 and #2 of the form i.e
#1. "Legal name of entity (or individual) for whom the EIN is being
requested" ?

Should I put the name of my single member LLC which I registered with
State, lets say "Alpha Beta Gamma, LLC" ? or my full name ?

#2. "Trade name of business (if different from name on line 1) " ?

Should I put anything here ?

3. What should I put in 9(a) ?

As per instructions I should put "Disregarded entity" or "Disregarded
entity - sole proprietorship" in Other(specify). What should I put for
single member LLC ?

4. What should I select in #14 ?
I will not be having any employee, so there will be no employment tax
liability. Should I select "Yes" here ?

5. I will be providing IT and software development and consulting. So
in #16 and #17 I will pe putting "IT Consulting".
My question is : Is "IT Consulting" is fine to put here. I mean is
there any catch / implication attached with word "Consulting" ?

Thanks in advance
dc

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Drew Edmundson on February 29, 2008, 5:13 pm
Please log in for more thread options
> Hi,
>
> I have opened a Single member LLC in Virginia by filing articles of
> organization and got a certfiface for the same. Now the second step is
> to get the EIN. I have gone through the instructions of latest SS4
> form and almost filled the form also. But I have few questions in that
> as follow:
>
> 1. As per the latest SS4 form (Rev July 2007), there is no need to get
> EIN for single member LLC (which is my case). But I do want a separate
> EIN so that I don't have to use my SSN at all the places. My first
> question is that Can I still get EIN for single member LLC ?
>
> 2. What should I put in #1 and #2 of the form i.e
> #1. "Legal name of entity (or individual) for whom the EIN is being
> requested" ?
>
> Should I put the name of my single member LLC which I registered with
> State, lets say "Alpha Beta Gamma, LLC" ? or my full name ?
>
> #2. "Trade name of business (if different from name on line 1) " ?
>
> Should I put anything here ?
>
> 3. What should I put in 9(a) ?
>
> As per instructions I should put "Disregarded entity" or "Disregarded
> entity - sole proprietorship" in Other(specify). What should I put for
> single member LLC ?
>
> 4. What should I select in #14 ?
> I will not be having any employee, so there will be no employment tax
> liability. Should I select "Yes" here ?
>
> 5. I will be providing IT and software development and consulting. So
> in #16 and #17 I will pe putting "IT Consulting".
> My question is : Is "IT Consulting" is fine to put here. I mean is
> there any catch / implication attached with word "Consulting" ?

Test, I have tried to reply to this message before and it hasn't shown up.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Drew Edmundson on February 29, 2008, 5:15 pm
Please log in for more thread options
----- Original Message -----
Newsgroups: misc.taxes.moderated
Sent: Tuesday, February 19, 2008 1:22 AM
Subject: Assistance in filing SS4 or EIN form for Single member LLC


> Hi,
>
> I have opened a Single member LLC in Virginia by filing articles of
> organization and got a certfiface for the same. Now the second step is
> to get the EIN. I have gone through the instructions of latest SS4
> form and almost filled the form also. But I have few questions in that
> as follow:
>
> 1. As per the latest SS4 form (Rev July 2007), there is no need to get
> EIN for single member LLC (which is my case). But I do want a separate
> EIN so that I don't have to use my SSN at all the places. My first
> question is that Can I still get EIN for single member LLC ?

Sure. For #10 check "other" and specify the business reason you need the
EIN since you don't need it for federal tax purposes.

> 2. What should I put in #1 and #2 of the form i.e
> #1. "Legal name of entity (or individual) for whom the EIN is being
> requested" ?
>
> Should I put the name of my single member LLC which I registered with
> State, lets say "Alpha Beta Gamma, LLC" ? or my full name ?

The entity name.

> #2. "Trade name of business (if different from name on line 1) " ?
>
> Should I put anything here ?

Nope, not unless you have a different name under which you operate. By
different I mean different from the entity name.

> 3. What should I put in 9(a) ?
>
> As per instructions I should put "Disregarded entity" or "Disregarded
> entity - sole proprietorship" in Other(specify). What should I put for
> single member LLC ?

Check "other" and write "Disregarded entity - sole proprietorhip."

> 4. What should I select in #14 ?
> I will not be having any employee, so there will be no employment tax
> liability. Should I select "Yes" here ?

Just leave it blank. Make sure you answer "N/A" for #15 and "0" for #13.

> 5. I will be providing IT and software development and consulting. So
> in #16 and #17 I will pe putting "IT Consulting".
> My question is : Is "IT Consulting" is fine to put here. I mean is
> there any catch / implication attached with word "Consulting" ?

IT consulting is fine if that is what you will be doing.

Drew Edmundson, CPA (NC)
Cary, NC

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Single Member LLC filing form 8832 (S corp taxation)--can I deduct recent expenses? December 11, 2007, 12:36 pm
Single member LLC January 20, 2008, 1:18 am
Death of a owner of a Single Member LLC January 18, 2008, 7:41 pm
Carryback, NOL from single filing year to married filing joint year; completing 1040X August 29, 2007, 1:31 am
Partnership Filing Form 8913 February 13, 2007, 5:41 pm
Is there a special procedure for filing form K1? May 1, 2008, 12:28 am
Location for Filing Form 2555 ? Phily or local ? April 15, 2006, 2:47 am
Assistance Grant March 19, 2008, 9:49 pm
CCH Tax Legislation Update - Housing Assistance Tax August 5, 2008, 6:43 pm
Is Uniform Relocation Assistance money taxable? March 19, 2007, 11:12 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap