The Employer Identification Number (EIN), also known as the Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States. It's essential for tax purposes, opening business bank accounts, hiring employees, and applying for business licenses. Many entrepreneurs wonder about the cost involved in obtaining this crucial identifier. Fortunately, the IRS provides EINs free of charge when you apply directly through their official channels. While the IRS itself does not charge a fee for an EIN, the perception of an "EIN filing cost" can arise from several factors. These include the time and effort required for the application process, potential fees charged by third-party services that assist with formation and EIN acquisition, and in some rare cases, state-specific requirements that might indirectly influence the overall cost of establishing a business that needs an EIN. This guide will break down the true cost of obtaining an EIN and explain how to navigate the process efficiently and affordably.
Start your formation with Lovie — $29/month, everything included.