EIN FAQ - Understanding
Your EIN (Complete booklet in PDF)
What is an EIN?
EIN stands for employer ID number. Every bank
account that is opened is either a personal account
which requires a social security number or a business
account that requires an EIN.
An EIN looks like this: 15-0000456 (two
digits with a dash followed by 7 more digits.
Mail in Application for EIN (PDF)
How to determine if what type of account
you have now:
If you currently have a bank account for your chapter,
is it in the name if an individual or is it in the
name of the Chapter?
If it is in the name of a person, you have a personal
account. That person can be liable to pay taxes
on all money deposited through the year. This
account should be closed ASAP and obtain an EIN and
open a new account.
If the account is set up as a business with an EIN
then only the chapter would have any liability and
in most cases there would be none. As a chapter
of a none profit there would be no taxes due. If
you do not have the EIN, it is possible for the treasurer
to ask the bank for that number.
How do
I get an EIN?
Getting an EIN is very easy. There are no
fees or charges of any kind. There are three
way to obtain an EIN.
-
- The Second quickest way to obtain an EIN is to
call your local IRS office. Looks in the U.S.
Government section of your local phone book.
- The other way is to complete the form and mail
it in. If you are not on dial up for you internet
I can send you the form via e-mail or you can download
it from the IRS Website.
I have my EIN, what else is needed to open a bank
account?
You can open a bank account using Hearing Loss
Association providing you are a fully recognized
chapter of the Hearing Loss Association of America. Having
been fully recognized you should have received your
chapter logo. The bank will want to know about
your organization and will accept a copy of your
chapter bylaws or standing rules. If you have
neither, you will need to prepare one of these documents. Samples
of both of these documents are available either on
the leadership support page on the web or you may
request this document from Chapter Development. The
bylaws or standing rules must be dated and signed
by the current leader/President and the treasurer. This
should be all that the bank will need to open an
account.
We already have an account but it is in the name
of Self Help for Hard of Hearing People, Inc. (SHHH)
and we need to change it to our new Hearing Loss
Association name.
For instructions on how to
address the name change with your bank please refer
to the document on the leaders support page: Bank and
IRS Name Change
Where can I find the Leadership support page?
Go to www.hearingloss.org and
click on Locate chapters then click on Leadership
support page.
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