How To Get A EIN (Tax ID) Number In Hawaii

EIN Number Hawaii - What Is It & How To Apply

Hawaii is an exciting place to start a business, but it’s also a very challenging environment for business owners. Only 75% of businesses in Hawaii stay open from year to year, and if you want your business to thrive, you need to pay close attention to the details.

In particular, you will need to get a Hawaii EIN number for federal taxes and a Hawaii tax id number for state taxes. Keep reading for a look at the process.

How To Apply For A Tax ID Number In Hawaii

To get an EIN number Hawaii residents just need to prepare the information for the application. Then, they can complete the process online or through the mail. Here are the instructions.

Prepare The Required Information

What information do you need to get an EIN for your business or other organization? Luckily, most of the details are straightforward. To get started, you need your business’s legal and doing business as name. Then, you need to determine who is the responsible party. This must be an actual person, not a business entity like a partnership or corporation. It also must be someone who makes financial decisions for your business. Typically, this role needs to be filled by an owner, shareholder, or member.

Additionally, you need to note the type of organization that needs the EIN number. On the list, you will see the most common business structures such as sole proprietorships, partnerships, and corporations, but you will also see nonprofits, church-controlled organizations, trusts, estates, and several other options. If your business is an LLC or a corporation, you will need to provide the location of your registration or incorporation.

On top of that, you also need to know how many employees you plan to have during the next 12 months, and you need to note the first day you will pay wages. You can also use your EIN application to opt to only file payroll taxes once per year. Typically, you can only make this election if you are going to owe less than $1,000 in payroll tax for the year.

Finally, you need to explain why you want an EIN. If more than one reason applies, you should just select the main reason. This part of the application must be completed, but your answer won’t affect your eligibility so you shouldn’t worry about which answer to select if you have multiple reasons.

Apply Online

To apply online for an EIN number Hawaii residents just need to gather the information noted above. Then, they need to start the online application. For best results, make sure that you have a stable internet connection so that you don’t get logged out in the middle of applying. Once you’re done, you should get your number right away.

Submit Your Application Via Mail

You can apply for a Hawaii EIN number through the mail if you don’t want to do it online. You will need to obtain a paper Form SS-4. Then, you will need to fill it out and mail it in. Alternatively, you can hire a tax pro or a business formation specialist to help you. In that case, you will just need to sign a document authorizing them to apply for the number on your behalf, and you will have to provide them with the information to complete the application.

Frequently Asked Questions

Still, have questions about obtaining an EIN in Hawaii? Curious about the differences between a federal and state tax ID? Then, check out the answers to these commonly asked questions.

What Is A Tax ID Number (EIN) & Do I Need One In Hawaii?

An EIN is a federal tax ID number, and your business needs this number to file federal payroll, excise, corporate income, and partnership tax returns. You may also need this number for other federal tax returns and/or to open business bank accounts.

Are EINs issued by the Hawaii Secretary of State?

No, the Secretary of State does not issue EINs in Hawaii. The Internal Revenue Service issues EINs. The Hawaii Department of Taxation issues state tax ID numbers.

Is An EIN The Same As A Hawaii Tax ID Number?

An EIN and a Hawaii tax ID number are not the same. A Hawaii tax ID is for state tax forms, but when they get an EIN number Hawaii business owners need to use that on federal tax forms and bank documents.