A Colorado Tax ID (EIN) is a process that most businesses, Trusts, Estates, Non-Profits and Church organizations need to complete. Even for businesses and entities that are not required to obtain a Tax ID (EIN) in Colorado, obtaining is suggested as it can help protect the personal information of the individuals by allowing them to use their Tax ID (EIN) instead of their Social Security Number in various activities essential to operating their business or organizaton including obtaining local Colorado licenses & permits. Any entity that answers yes any of the below criteria is required to obtain a Tax ID (EIN) in Colorado:
Responsible Party – The Individual who will act as or will be designated as the responsible party for the business or entity. All Colorado Tax ID (EIN) application must disclose the legal name and the Taxpayer Identification Number (SSN or ITIN) of the principal officer. This individual will be responsible for direction, controlling and managing the entities funds and assets.
Business Address – The physical business address of the business or entity must be disclosed. This address must be a physical address and not a PO Box. If you cannot recieve mail at your physical address, be sure to choose “Yes” to the option “Would you like to receive mail at a different address”. This will prompt an additional mailing address field to be available where you may enter this mailing address separately.
Contact E-mail & Phone Number – Each Colorado Tax ID (EIN) Application requires a valid contact e-mail address and phone number. This information is needed to ensure that in the event that the application has errors or corrections needed, that we can reach you to properly process your application and issue a Tax ID (EIN).
The process of Applying for a tax Id in Colorado is easy to do online. When it is time for you to registering for a FEIN /tax Id, you can do so by visiting the IRS website. At the start of the application, you will be asked some questions to verify that you need the tax number. Once you have completed the online form, you will receive a tax ID immediately. From then, all taxes should get filed under that number when the time comes.