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I am a homeschooling mother and Certified Public Accountant (CPA) combining my experience and knowledge to help homeschool organizations such as co-ops, support groups, music and sports programs. HomeschoolCPA answers questions from homeschool leaders on many topics such as nonprofit status, liability, paying teachers, tax exempt status and taxes.

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Apply on-line for your EIN. Its FAST!
(view similar articles on Home Based Businesses)

Every once in a while the IRS does something good...
Here's an example.  Now you can get an Employer ID number (EIN) on-line immediately!  It's about time!

EINs are used by homeschool organizations to open a checking account, by a small businesses starting out and by WAHMs (work at home moms) or teenagers starting a business.  The IRS hands out EINs like candy.  I'm glad they made it quick and easy to get one.

I just used it myself this week.  I was asked to handle the money for a homeschool graduation ceremony.  I need to set up a nonprofit checking account at the local bank.  I know the bank will ask for an EIN number. One of the parents on the committee and I discussed an "official name"; she sent a check made out to that name  ("PEP Graduation Ceremony Fund") and I hopped on the IRS website and got an EIN.  BTW, I called this a nonprofit organization and chose Parent-Teacher Organization (like a PTO or PTA or Booster Club) when asked. I printed out the official IRS confirmation and we're ready to head to the bank!


Online Application for Employer Identification Number Now Available


No more need to file a Form SS-4!  Use the new online EIN Assistant to obtain an EIN online quickly and easily. Simply answer the interview style questions and receive your EIN immediately after validation is complete.  You can even download and print your EIN confirmation notice.



Here's the link to apply on-line

www.irs.gov/businesses/small/article/0,,id=102767,00.html

Carol


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