EIN & ITIN – What They Are and When You Need Them

The EIN (Employer Identification Number) and ITIN (Individual Taxpayer Identification Number) are two essential identifiers for operating a company in the USA.

EIN – Company Tax ID:
– Issued by the IRS
– Required to open a bank account
– Needed for Stripe, PayPal, Amazon, etc.
– No Social Security Number required

ITIN – Individual Taxpayer ID:
– For non-U.S. residents
– Required if:
– You have U.S.-source income
– You need to file a tax return

When ITIN Is Not Needed:
– If there’s no filing obligation
– If you invoice only outside the U.S.

Localit Consulting handles full EIN issuance without an SSN.