The words "Tax" and "IRS" undeniably sound intimidating. Do not let this facet of conducting business get in the way of your success. In case you forgot, there are "robots" that go by the business title “accountant.” They will gladly do your taxes for a small fee. Warning: we are not liable for any terrible jokes they may tell you. Nor are we liable for their subsequent laughter at their own jokes! After creating a legal business entity, you are required to file specific forms with the Internal Revenue Service. It is not as complicated as it sounds!  The reason you need to file with the IRS is to inform the federal government that your business exists.  You are basically telling them, “I’m starting a business, it is located here, and this is the type of business I plan on operating.”  The only form needed to register your corporation is the SS-4 form.  This form is an application for an Employer Identification Number or EIN.  An employer identification number acts as an identifier for all of your taxable business accounts.  It is needed for various business activities.  For example, when I went into my local bank to set up a business account, one of the required pieces of information was an EIN.  To learn about business bank accounts click HERE.  Once again, all you need to do is complete and submit Form SS-4.  

• Filing with the IRS has never been easier.
• They have a new online application system that allows you to complete all the necessary forms from the comfort of your personal computer.
• The entire process is fast, free, and user-friendly.

       After completing the filing process, the IRS will mail you a paper copy of your Employer Identification Number.  Now you have all the required paperwork of a fully functioning corporation.

       I highly recommend you seek advising from a professional accountant after you begin investing money into your business.  You definitely will need consultation when you start generating revenue and need to file taxes.  It is an investment that is worth its weight in gold.