5 reasons why you may be denied an EIN

5 reasons why you may be denied an EIN

You may need to apply for an Employer Identification Number (EIN) from the IRS if you have started a new business, need a number for banking purposes, made changes to an existing LLC, are considering hire employees or want to open a line of credit for your business. What issues should you look for in the process of getting a number for your business and filling out your tax ID number? If you get an error Reference number EIN 101 , this could be for one of the following reasons.

1) Object name conflict

If your property name is not unique and the IRS finds the same, you may be denied an EIN. Corporations and LLCs cannot file organizational or registration articles until there is a unique entity name for that particular state.

2) several states

The app itself asks for an address and status in several different places. If the company is saved in a location other than the physical address, it can result in the 101 error because the application has multiple states. The IRS will then check each state to ensure that the property name is unique in each state before a number is issued.

See also: Where can I find a real estate tax identification statement?

3) Electronic numbers

If you received your EIN electronically, you cannot use this number to obtain other EINs electronically. To determine if your EIN was obtained online, check the following numbers at the start:

4) You are already the responsible party

If you are the responsible party for another EIN application that has been approved, you may be refused when you apply for a second application with another organization. When numbers are obtained online, you can only be the responsible party for an EIN.

5) Incomplete processing of documents

If important information is missing from your application, it will likely be rejected. Fortunately, if you need to form an LLC online or quickly apply for an EIN, Gov Doc Filing can make sure all of your forms are completed correctly. Visit the website today to learn more.

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