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Need Some Deductions for 2011?

Don't overlook these!

10 Oddball Tax Deductions

11 Most Overlooked Tax Deductions

Updated for 2011

Tax Identification Numbers

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Tax Identification Number for a Corporation

A corporation must have a federal employer identification number for two reasons:

  1. A corporation is a separate legal entity, separate and apart from its owners (shareholders).
  2. A corporation may be an employer.

Even if you're the only shareholder/worker in your corporation, the corporation is an employer and you are its employee and all employer's must have a Federal Employer Identification Number.

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Tax Identification Numbers: Applying for an Employer Identification Number Has Gotten Simpler

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