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This is a bit of an XY problem but please bare with me:

Main Goal:

  • Save $50+/month by switching phone providers from a large carrier to a small company.

Obsticle(s):

  • Aquiring a plan from the smaller phone provider requires being a small business (verified by an EIN)

  • The tangled mess that is the IRS.

Possible Resources:

  • As a side job, I've started doing a few wood burning projects for friends out of my home.

  • I've been thinking of opening something like an etsy page and trying my luck, but the market is pretty saturated so I wouldn't expect to make any more than $100/year.

Question:

Is there any way I can get an EIN (via my wood burning hobby) and get a plan through the small phone provider without making my taxes a nightmare each year?

Grade 'Eh' Bacon
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GentlemanS
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1 Answers1

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EIN is free, and requires no real documentation. Anyone who accepts money from someone requesting a tax ID should have this, it helps avoid the risk of identity fraud by keeping your social security number private. It's referenced on my tax return, but my regular SSN is what we file under.

As far as the phone provider is concerned, I can't comment. Just addressing the EIN issue here.

For what it's worth, you can go to the IRS web site, and apply right there. When you get to the first set of choices, you are a "Sole Proprietor", i.e. you are just yourself, no corp, no partnership, etc.

JoeTaxpayer
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