If you are an artist living in the United States, you can Apply for an EIN number for free online here. According to the IRS, “An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. Generally, businesses need an EIN.” You don’t have to have employees to apply for an EIN. One of the Yes or No questions on the application –“Are you planning on hiring any employees?” I checked the *no* box and got my EIN number and printable confirmation letter. The entire application process takes less than 5 minutes.
If you don’t like supplying your Social Security number as a sole proprietor of your artist business you can provide your EIN number instead.
- Use your EIN number in the required tax forms for online sales and royalties.
- To open a bank account
- When applying for business licenses
- When filing a tax return
- Make an electronic IRS payment using your EIN number