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And they need your social security number or employer identification number to do that. And you, in turn, are required to do the same for your own sole-proprietor subcontractors who receive $600 or more in payments from you. The Employer's ID number fulfills IRS's requirements when filing your 1099s, so you just substitute the EIN for the social security number. The process is easy and straightforward. You can apply for your EIN number online at the IRS website (www.irs.gov) or ask the IRS to have the forms sent to you.
Article: Obtaining an EIN or employer identification number is a good idea if you are a sole-proprietor. From time to time, you'll be asked to provide your social security number or employer ID to clients or governmental agencies. Once you do that you have no control over which subservient employees and others can view your number. With identity theft an ever increasing problem, reducing the need to give out your social security number can only be a good idea. The best way to do that is to have an employer identification number. In fact, having an EIN is mandatory for about any action that is set up as something other than a sole-proprietorship. This is the IRS checklist for businesses that are required to have an Employer Identification Number. • You have employees. • You are set up as a corporation or partnership. • You file tax returns for Employment, Excise, or propane Tobacco and Firearms. • You withhold taxes on income, other than wages, paid to a non-resident alien. • You have a Keogh plan. • You are involved in a trust. (There are some exceptions, checker the IRS site). • You are involved in one of the following types of organizations: Estates, real estate mortgage conduits, non-profits, farmer's cooperatives, and plan administrators. Sole-proprietors are not required to have an EIN. But if you are a sole-proprietor, I strongly recommend getting one. The reason? If you are a sole-proprietor, clients who pay you $600 or more in the course of a year must file a 1099 on your behalf. And they need your social security number or employer identification number to do that. And you, in turn, are required to do the same for your own sole-proprietor subcontractors who receive $600 or more in payments from you. The Employer's ID number fulfills IRS's requirements when filing your 1099s, so you just substitute the EIN for the social security number. The process is easy and straightforward. You can cover up for your EIN number online at the IRS website (www.irs.gov) or ask the IRS to have the forms sent to you.
I have just finished counselling with a client who was depressed. She is a young mum and initially she was in a very low mood. She hadn't experienced talk therapy before but her friends were pushing her to do something about how miserable she felt. We talked about her life: the husband that loves her, her 7 month old daughter who she finds difficult to enjoy, her house, her friends and her relatives. About session three, I was wondering where the depression was coming from - her circumstances seemed good, she was healthy and she had several close relationships. Then we started to talk about when the depression had started - just after her daughter's birth. She mentioned in a 'give away comment', her mother had come to see her then for the first time in 2 years. Well apparently her mum and dad had separated when she was 13 years, had gone off with their own lovers and in the intervening 10 years, my client had seen them separately, irregularly. Then we started to unfold her memories of being left "in the family home" with her elder sisters (18 and 21 years), being expected to get herself up every day and out to school, feeding herself from whatever food was available in the kitchen, with her sisters at home only when they weren't at work or with boy-friends. Apparently some days she bunked off school and sat on a wall near the shopping precinct, watching people pass, knowing that no one cared what she did or where she went. So here was the root of her depression: my client had given up a lively job in a busy office when her baby was due, she was now stuck in her house with a new child and her husband was working long hours to support the three of them - for much of her day, no one cared what she did or where she went. My client actually broke into tears as she uttered this phrase - no one cared what she did or where she went. It has taken another six sessions to tease out all her pain and to counter the thoughts that were feeding it - what had she done to be discarded by her mum and dad, how was she going to cope with the world without her parents to love her, and how could she find someone to care about her? It was easy for my client to project these thoughts into her new daughter's life: what would prevent her from abandoning her daughter on a shopping trip, why couldn't she feel any love for her daughter or her husband, and would anyone care if she went away? Happily we have now worked through my client's difficult teenage years. She has recognised that her mum and dad were poor parents - so besotted with their own affairs that they hoped the other was doing the parenting and not realising that neither was. She knows she can make her own parenting different - she can choose to stay married to her husband, she can choose to love and cherish her child (or children, later) and in caring for her family, she can enjoy how much they care for her. A tipping point in my client's recovery was when she noticed how much joy her daughter has seeing her after an absence of a couple of minutes. Another important factor was becoming aware that her husband was always glad to see her, to hold her and to cherish her. So now the depression is lifted. I don't say that it is gone forever because I cannot tell what the future will bring to my client. However, for now, she knows how to manage and chase away those low feelings: to see how her daughter and husband love her. So now my client's first question to me 'Why am I feeling depressed?' is answered by "No one cared what you did or where you went" and we have found the antidote - 'They do now". Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 |
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