Do I need a Tax ID number and an EIN?

by Shea
(Colorado)

What is the difference between the two?

Answer

A tax ID is a more generic name for any 9-digit number used by the IRS to identify a taxpayer.

For an individual, your tax ID is usually your Social Security Number.

For a business, your tax ID is your EIN.

You should get an EIN for your LLC, and then when you are asked for your LLC's tax ID number, give them your EIN.