Tuesday, 27 January 2015

Where Look Up A Federal Tax Id

Where Can I Look up a Federal Tax ID?


There are many methods available to look up a federal tax ID. This article will define a federal tax ID and explain how it is used. People who go into business for themselves or start small businesses with others need this information to avoid running afoul of the Internal Revenue Service.


Definition


A federal tax Identification Number (FTIN) is used by the US federal government to identify a business. The FTIN is also known as an Employer Identification Number (EIN). The Internal Revenue Service (IRS) issues the numbers to businesses and generally requires that a new number be issued when a business changes it's' structure or name. Both for profit and nonprofit businesses are issued numbers. The business uses the FTIN when submitting forms and other documents to the federal government.


Ask the business


You can begin your search for a business's FTIN by asking the business. Most businesses will willingly give you their FTIN if they are asked. This is particularly true for nonprofit businesses, since the FTIN is often needed to claim deductions for tax purposes. For profit businesses are also willing to give out their FTIN since it is a public record and can be found by other means such as EDGAR.


Edgar (for profit businesses)


EDGAR is an acronym for the Electronic Data Gathering, Analysis, and Retrieval system. EDGAR is maintained by the Securities and Exchange Commission (SEC) of the US federal government. For-profit businesses file forms using EDGAR, such as their SEC forms 8-K, 10-K and 10-Q reports. These forms contain the company's FTIN. It is easy to use EDGAR to look up a FTIN. Click on the link below in the RESOURCES section of this article, enter the company name and click "Find Companies." You will be presented with a list of documents filed for that company. Find an 8-K, 10-K or 10-Q form in the list and click on the "Document" button. You will be presented with a list of formats for that document and can now select the format you wish. I like to view the "htm" versions since they display quickly on the open browser window.


Melissa Data (nonprofit businesses)


Melissa Data is a company that collects and supplies data to businesses. They offer several free databases for the public to use, including a database of information about nonprofit businesses. To look up a FTIN using Melissa Data, click on the link below in the Resources section of this article. Enter the zip code or the company name in the box and press "Submit." If you used a zip code, all of the nonprofit businesses in that zip code will be displayed in a list, and you can click on the name of the business that you are interested in. If you entered a company name, then the information will be displayed immediately.


Ask a Reference Librarian


Many public and college libraries have a reference desk staffed with reference librarians. These professionals are skilled at helping to find information. They will often have access to databases such as Westlaw or Lexis Nexis which might have the FTIN information that you are looking for.


Tips


When asking a business for the FTIN, ask to speak to the accounting department.


When using a lookup service such as EDGAR, try just the first few letters of the company name. Many companies are listed with the SEC under names similar to but not exactly their well-known name.


When using a zip code search with Melissa Data, ensure that you are looking in the correct zip code for the corporate offices, rather than a local office.

Tags: nonprofit businesses, company name, Melissa Data, business FTIN, federal government