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Federal Requirements
Identification Number
Businesses must have a taxpayer identification number so the Internal Revenue Service can process tax returns. These identification numbers are your Social Security Number (SSN) and/or your Employer Identification Number (EIN).
When do you need an Employer Identification Number?
Proprietorships - An Employer Identification Number is needed if: 1) you pay wages to one or more employees, or 2) you file pension or excise tax returns (Source - IRS Pub. 334 - Tax Guide for Small Business).
Corporations, Partnerships and Limited Liability Companies by their nature will have EIN’s assigned by the IRS upon registration.
For more information on Employer Identification Numbers, contact the Internal Revenue Service, Hampton Walk-in Office, Plaza East II, Suite 105, Hampton, VA, 23666, 1-800-829-1040, 757-262-4007 or on the Internet: www.irs.gov
Business Taxes - Federal
All businesses are affected to some degree by local, state and federal tax laws. Business activities that operate for a profit may produce a tax liability, whether the enterprise is a sole proprietorship, a partnership, a corporation, or a limited liability company. The assistance of an accountant may be advisable in determining which taxes your business will be responsible for paying.
For more information on federal business taxes, contact the Internal Revenue Service, Hampton Walk-in Office, Plaza East II, Suite 105, Hampton, VA, 23666, 1-800-829-1040, 757-262-4007 or on the Internet: www.irs.gov
Nonprofit Organizations
A business or organization must be recognized by the Internal Revenue Services as being a 501[c]3 tax-exempt organization in order to be exempt from federal income taxes and certain other state and local taxes.
For more information, contact the Internal Revenue Service, Hampton Walk-in Office, Plaza East II, Suite 105, Hampton, VA, 23666, 1-800-829-1040, 757-262-4007 or on the Internet: www.irs.gov