TurboTax Self-Employed. Every deduction found. Every dollar you deserve. Start today.

Employer Identification Number for a Corporation

A corporation must have a federal employer identification number for two reasons:

  • A corporation is a separate legal entity, separate and apart from its owners (shareholders).
  • A corporation may be an employer.

Even if you're the only shareholder/worker in your corporation, the corporation is an employer and you are its employee.

  • Securely import transactions from your bank, credit cards, PayPal, Square, and more.
  • Automatically sort transactions into tax categories to maximize your deductions.
  • Instantly see how your business is performing with profit and loss and expenses right on your dashboard.

Have an accounting or bookkeeping question? Email it to me.

Related Content