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What about that EIN? How long is it "good?"

March 29, 2020 02:03PM
A long time ago one of the MS companies suggested (required?) that shoppers get an EIN. I got one, but I use my SSN on tax returns. Question: if I have never used it, is it still "good?" The State of Texas requires proof of self-employment to apply for disaster benefits, and a website states a State or Federal Employer Identification Number is one form of proof.
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More About Mystery Shopping Taxes
March 29, 2020 02:23PM
It's like a SSN where you get one for life...so it should be fine to use.

I also read somewhere that people who used the EIN on their taxes (as the main entry for filing, not in a schedule C) may be exempt from receiving a stimulus check, so probably best that you were not using it on your taxes....
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April 02, 2020 12:10PM
Ah but California requires that you have an EIN if you get close to making the required $600 for a 1099 to be cut to you. So once again we get screwed by the government.
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April 02, 2020 02:54PM
@2stepps wrote:

Ah but California requires that you have an EIN if you get close to making the required $600 for a 1099 to be cut to you. So once again we get screwed by the government.

I don't think that's true. There may be a company that asks you to have one if they send a 1099, but it's not required by the state.

You are free to claim your Shed C income with your regular SS number. I have multiple businesses, so I simply use the EIN to to hep delineate where the money is coming from. Much of my business is done with my social and far in excess of $600....
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