If you want to list as a dependent on your tax return a child or other U.S. The IRS also requires you to obtain a separate taxpayer identification number in two other situations: adoptions and paid tax preparers. The system isn't standardized from jurisdiction to jurisdiction, so check with your city or county if you have questions about how it works where you own property. In some cases there may be multiple parts to the property tax ID for your land. The parcel number is typically required to be on all important documents affecting the plot of land, such as a deed and property tax bills. The numbering system used is unique to each locale and is often designed to convey information about the plot of land, such as the city and subdivision where the land is located. Check with your state authorities for details.Ī property ID number or parcel number, on the other hand, is assigned by county tax assessors or other local government offices to every plot of land within the jurisdiction. Unlike a personal taxpayer identification number, a separate state identification number might be required for your business in the states where it conducts business. However, if the business has employees or must pay any federal excise taxes, a separate EIN must be obtained for the business. A business owner who operates as a sole proprietorship or a single-member LLC can report business income on his personal return under his SSN. An EIN is also used by estates and trusts that must report income to the IRS. This number is used on the business' tax returns and other reporting forms as the taxpayer identification number for the business. State taxing authorities accept either your SSN or ITIN on state tax returns and other forms.Īs a general rule, you must obtain a federal employer identification number from the IRS if you own a business. If you do not qualify for a Social Security number, the IRS will issue an Individual Taxpayer Identification Number to you for use on your tax returns.
This number is used on all tax returns filed with the Internal Revenue Service and, if necessary, your state tax agency for your personal taxes.
Your personal taxpayer identification number is typically your Social Security number, which is issued by the Social Security Administration. If you own real estate, your property will be assigned a parcel number by a local government office, such as a county assessor, to keep track of property information, including real estate taxes assessed and paid.