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How To Obtain An EIN For An LLC In New Mexico

The IRS will issue an Employer Identification Number (EIN Number) to your LLC in New Mexico.

AN EIN for your LLC in New Mexico is what your Social Security Number is for you. This is a unique number assigned to your business. It helps the IRS to be able to identify your business for filing and New Mexico tax purposes. You would be required to obtain one in order for your business to file New Mexico tax returns.

When your LLC in New Mexico has an EIN number, it allows you to be able to open a bank account under the name of your LLC, deal with your employee payroll (if you have employees), and apply for certain permits and licenses.

Although it is referred to as an New Mexico Employee Identification Number, you don’t need to have any employees to obtain one. An taxpayer identification number is simply a kind of TIN (Tax Identification Number) that identifies your LLC in New Mexico with the IRS. Also any trust, non-profit, or estate is required to obtain a New Mexico Tax ID. Find the official EIN application here.

EIN-for-a-New-Mexico-LLC

Benefits of your LLC in New Mexico Having An EIN Number

You can do the following things when your LLC in New Mexico has an EIN Number:

  • Apply for a business license in New Mexico
  • Obtain business credits for your LLC
  • Obtain business loans or business lines of credit
  • With with employee payroll (if it applies)
  • File taxes at the local, state, and federal levels
  • Open a business bank account for your LLC in New Mexico

Wait until your LLC In New Mexico Has Been Approved

Wait until the Secretary of State has approved your LLC in New Mexico before you apply for an EIN. Otherwise, if your LLC filing ends up being rejected for some reason, you will have an EIN number new Mexico for an LLC that does not exist.

However, if it does occur, you can cancel the tax id and apply to get a new one. You also don’t need to wait for the cancellation to be complete before you apply to get a new employer identification number.

It is free to apply for an EIN for an LLC in New Mexico

It is completely free to apply for a tax id for your LLC in New Mexico.

No fees are charged by the IRS when you apply for an EIN (employer id numbers). Find the official EIN application here.

What if you don’t have an ITIN or SSN?

If you are a foreigner who has formed an LLC in New Mexico, you still can obtain an EIN even if you don’t have an ITIN or SSN.

You cannot obtain an EIN (tax id) online. You must fax or mail Form SS-4 directly to the IRS.

Applying for an EIN by Phone

You might have read somewhere that it is possible to apply by phone for an EIN. However, that is longer true. This service has been discontinued by the Internal Revenue Service.

The only businesses that are able to obtain an taxpayer identification number via phone are Foreign Companies (companies that have been formed outside the US) and Exempt Organizations (such as non-profits).

If you are a foreigner and have formed an LLC in New Mexico, there are instructions below that we have provided on how you can apply for an tax id.

EINs for Husband and Wife LLCs in New Mexico

Given the fact that New Mexico is a community property state, an LLC with 2 members that are owned by husbands and wives can elect to use a Qualified Joint Venture LLC, which is a special type of New Mexico tax.

When a Qualified Joint Venture is used with the IRS it makes it possible for your New Mexico husband and wife LLC to file your New Mexico tax bill as a Sole Proprietorship rather than a Partnership. It can save you money and time in New Mexico tax and accounting expenses.

There can be other benefits associated with getting Qualified Joint Venture status from the IRS. You should discuss this with your accountant.

EIN Responsible Party

This is the person who ends up on file with the IRS whenever you apply for an tax id for your LLC in New Mexico.

The Responsible Party can be viewed as the contact person for your LLC. The IRS will send the correspondence and mail of your LLC to this individual.

If you own a Single-Member LLC in New Mexico

You are the tax id Responsible party in this situation.

If you own a Multi-Member LLC in New Mexico

Then the EIN (tax id) Responsible Party will be one of your LLC Members.

The IRS only wants to have one individual as your LLC’s tax id Responsible Party. It does not want the information from all of the LLC members. The IRS receives information from your other members when you issue K-1s every year and when your 1065 Partnership return is filed.

Although you can list any member of your LLC, you should only list the member who is going to be responsible for ensuring that your LLC’s taxes are handled correctly.

If another company owns your LLC in New Mexico

In 2018 changes were made by the IRS so that an EIN Responsible Party can no longer be a company. Instead, it is required that the EIN Responsible be a person. Therefore, it is best for you to list one of the parent company’s individual owners.

How to apply for your EIN for your LLC in New Mexico

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1. If you have either an ITIN or SSN, the EIN online application can be used.

We recommend that you apply online for your tax id for your LLC in New Mexico if you have either an ITIN or SSN.

This filing method is the easiest and is approved the fastest.

2. If you try to apply online, but receive an error message.

If you do have an ITIN or SSN, apply for your EIN (tax id) online. However, if you receive an error message (referred to as EI reference number) once you get to the end, you will have to fax or mail your Form SS-4 instead to the IRS.

3. If you do not have either an ITIN or SSN

You can still obtain an EIN for your LLC in New Mexico if you do not have an ITIN or SSN You just will not be able to apply online for an tax id.

You will have to fax or mail your Form SS-4 directly to the IRS and the form must be filled out in a specific way.

Let a professional file your New Mexico EIN number today

Let a professional file your New Mexico EIN number today

EIN Confirmation Letter

After an EIN has been issued by the IRS for your LLC in New Mexico you will be sent official approval, which is called the EIN Confirmation Letter (or CP 575).

How you get your EIN Confirmation Letter will depend on which methods you used when applying for an EIN.

If you filled in your New Mexico tax id application online:

A PDF copy of the EIN Confirmation Letter can be downloaded once you have completed the online EIN application. You do not need to wait. A duplicate copy will also be mailed to you from the IRS in around 4-5 weeks.

If you faxed your Form SS-4:

The EIN Confirmation Letter will be faxed to you from the IRS in 4-7 business days.

If you mailed Form SS-4:

The EIN Confirmation Letter will be mailed to you from the IRS within 4-8 weeks.

How can an EIN be Canceled?

If you made a mistake on your New Mexico tax id application or your Tax ID Number (tax id) needs to be canceled for some reason, a cancellation letter needs to be mailed to the IRS. If you have any questions feel free to contact us today or for additional assistance contact the Taxation and Revenue department in New Mexico.

Additional Resources

Taxation and Revenue department – http://tax.newmexico.gov/contact-us.aspx

State and Local Employer Id Number Assistance – Ein Application

Crs Identification Number – In order to obtain a NTTCs, you need to have a New Mexico CRS identification number, which is an 11-digit number often known as a business tax id number. You can obtain this number by completing Form ACD-31015, Application for Business Tax Id Number .

Let a professional file your New Mexico EIN number today

Let a professional file your New Mexico EIN number today