Tax Id Number

[auntienenah]

What is the name of your state? TEXAS DO I NEED A TAX ID NUMBER IF I DO NOT HAVE ANY EMPLOYEES. IT IS ONLY MY HUSBAND AND I WHO WORK FOR THIS BUSINESS? DO I ALSO NEED TO FILL OUT ANY KIND OF LEGAL FORMS FOR THE IRS ABOUT OUR BUSINESS. WE HAVE A LAWN CARE SERVICE BUSINESS. ALL MONEY THAT COMES INTO OUR BUSINESS GOES TO EXPENSES AND FOR THE FAMILY EXPENSES, SUCH AS THE ELECTRIC FOOD DIAPERS....ETC...PLEASE HELP.

 

[ALawyer]

If you are operating as a "sole proprietor" you could use your own SS# for the business and report income and expenses -- and the gain or loss -- on Schedule C to your Federal Tax Return. Ask your accountant if it makes sense for you to set up a partnership with your husband (it needs a Tax ID #), or a corporation or LLC (ditto).