Please sign in to post in this forum.

ForumsBusiness Classifieds

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
Post a new topic
14 Replies Last post: Jul 2, 2009 10:41 PM by bethlee

federal id number vs ss#(help)

Apr 14, 2008 1:58 PM

Click to view doodlebug35's profile Start-up doodlebug35 2 posts since
Apr 14, 2008
i run a used car lot and i have to have a ein but its individually owned by me. i want to file an extension on my taxes and the form 4868 wants me to use my ss#, so is the numbers one in the same or do i need to use a different form for this?
Tags: new, business Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,926 posts since
Aug 6, 2007
1. Re: federal id number vs ss#(help) Apr 14, 2008 2:09 PM
in response to: doodlebug35
*federal id number vs ss#. Welcome and YES use you*r* *your ss#.
Do you have an Accountant??
Good luck, LUCKIEST
Report as inappropriate
Click to view doodlebug35's profile Start-up doodlebug35 2 posts since
Apr 14, 2008
2. Re: federal id number vs ss#(help) Apr 14, 2008 2:31 PM
in response to: LUCKIEST
I HAVE DONE MY OWN TAXES FOR THE LAST 8 YEARS BUT I HAVE NEVER HAD TO USE A EIN BEFORE. I AM GOING TO GET AN ACCOUNTANT TO LOOK OVER MY TAX RETURN THIS YEAR BUT I HAVE RUN OUT OF TIME, SO I WAS GOING TO FILE AN EXTENSION JUST TO MAKE SURE EVERYTHING IS CORRECT. THANKS FOR THE HELP.
Report as inappropriate
Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
3. Re: federal id number vs ss#(help) Apr 15, 2008 1:22 AM
in response to: doodlebug35
Assuming your business is being reported on Schedule C of your personal return, use your Social Security Number on Form 4868 to file for an extension on your personal return. Good luck!
Report as inappropriate
Click to view Bean Counter's profile Mogul Bean Counter 19 posts since
Jan 25, 2008
4. Re: federal id number vs ss#(help) Jul 24, 2008 11:06 AM
in response to: Lighthouse24
Lighthouse is correct on the extension. Use your social security number when reporting on your 1040.

When you are conducting business however, use you EIN number. This helps protect you identity and social security number from misuse by the general public.

If you look at the schedule C, it has a place to enter your EIN. That is one of the ways the IRS links your social security and your EIN together.

Stay out of trouble and much luck.
Report as inappropriate

More Like This

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read