What is an EIN?
Employer Identification Numbers (EINs), also known as “Federal Tax Identification Numbers,” serve as identification numbers for the IRS. Any business with employees, and all corporations, are required to apply for EINs.
An EIN is different than an FEC ID number. A federal campaign committee must have both.
Why do I need an EIN?
All organizations are required to have an EIN in order to set up a merchant account, which is needed to set up a WidgetMakr account.
How do I get an EIN?
On the EIN application, the campaign committee must designate a “responsible party.” According to the IRS, the “responsible party” should be the person responsible for managing the entity and its funds. For a business, the owner or general partner would generally serve as the “responsible party.” For a campaign, the candidate or treasurer would typically hold this position. The responsible party must provide a tax identification number, such as a social security number, as part of the application process.
Please be aware that the only way to obtain an EIN is through the application on the IRS’ website.