A corporation is a person or group of people who establish a legal entity by filing articles of incorporation with the state’s secretary of state granting it certain legal powers, rights, privileges, and liabilities. An S corporation is an eligible domestic corporation that wants to avoid double taxation (once to the shareholders and again to the corporation) by electing this status using Form 2553 (Election by a Small Business Corporation).
Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. An S corporation is not a sole proprietor or partnership.
EIN.net acts as a “Third Party Designee” as described in the instructions to Form SS-4 to help clients obtain Federal Tax ID Numbers from the Internal Revenue Service (the “IRS”) in a timely manner. EIN.net only works on behalf of its clients and is in no way affiliated with any governmental or regulatory agency, including the IRS.
EIN.net is authorized by the Internal Revenue Service (IRS) as an authorized e-file provider. We do not charge for any forms; however, we charge for the use of our software to assist you in completing forms. EIN.net is not a federal or state agency, financial institution, accounting firm, or law firm, and we do not provide legal or financial advice. Alternatively, for no charge, you can visit the official IRS.gov website and complete your EIN Application on your own. EIN.net does not review the information submitted on your EIN Application. We are not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion or recommendation about legal issues, and our communications are not protected by the attorney-client privilege or as work product. For legal advice, please contact an attorney or law firm. You may choose to engage our service or you may visit the official IRS internet sites and make your request for a EIN at a lesser fee. The government site can be accessed at https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
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