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February 1, 2020
Question

Why do I need a pay your capital E capital I N number I am self-employed and have several payers

  • February 1, 2020
  • 1 reply
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1 reply

ColeenD3
February 1, 2020

Your question is unclear.

 

  • Are you asking why you need to upgrade to issue 1099-Misc? 
  • Are you asking why you have to pay TurboTax to get an EIN? You don't.
  • Are you asking if you need an EIN to file your Schedule C? You may.

 

You don't usually need an EIN if you're self- employed. These are the exceptions:

 

If you’re a sole proprietor, you must have an EIN to:

Also, some banks require you to have an EIN before they’ll set up a bank account for your business.