If you are an artist living in the United States, you can Apply for an EIN number for free onlinehere. 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 anEIN. 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
Artist Marketing Resources blog has new increased visibility! Our blog post articles now also appear in the newsfeed of the ArtWorld app for iPhone and iPad! Images in our blog articles are auto-scaled to match any orientation of iPhone or iPad in the ArtWorld App used by over 5,000 art lovers, art buyers, and artists. The ArtWorld app is designed to connect artists with art collectors and is available in the iTunes app store here.
Artist Marketing Resources features artists, small arts businesses, art galleries and art professionals on our blog–via these options. If you are an artist or have an arts business and would like us to feature you in a blog post– with all images in the article made clickable to your website–find the details and available options click here.
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