Question
Starting a business and need help setting it up with the irs?
I'm starting a massage therapy business and I'm trying to set up an account with the irs but I'm confused I think I need a EIN but all the answers to these questions are "No" Do you have employees? Do you operate your business as a corporation or a partnership? Do you file any of these tax returns: Employment, Excise, or Alcohol, Tobacco and Firearms? Do you withhold taxes on income, other than wages, paid to a non-resident alien? Do you have a Keogh plan? Are you involved with any of the following types of organizations? Trusts, except certain grantor-owned revocable trusts, IRAs, Exempt Organization Business Income Tax Returns Estates Real estate mortgage investment conduits Non-profit organizations Farmers' cooperatives Plan administrators In the near future I'm going to hire a receptionist so I guess one would be yes but not right now. The only income the business gets is the money people give me from the massages I give them which has to be taxed right? I'm just confused a little Do I need an EIN even tho all the answers to the questions are no or do I need to file with another method that I havent found on the irs website yet?
2 months ago - 1 answers
Best Answer
Chosen by Asker
I would go ahead and get an EIN, that way you have it if you need it in the future. Really no downside to doing so
Source(s)
retired cpa
by jwishz
1 month ago
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