I recently went to order a couple of items from a company and they indicated that they would require a tax ID number to complete the sale. From my research it appears that an individual can receive a tax number as 'sole proprietor' or even simply as an 'individual'. It also appears that it is free to obtain an ID number from the IRS. My thought is that I could obtain the ID number, purchase my items, and might not have any use for the tax ID after that. My question is - Would obtaining the tax ID create any additional paperwork or filing hassles on top of what I already go through? I have no plan to start a business (at least right now), won't have any employees, payroll, or be selling any services. I want to make sure I go through the proper channels, but don't want to have a big head ache with the tax ID later on. Thanks for any advice!
- posted
17 years ago