What is a federal tax classification?
Federal tax classification describes how an entity is treated for federal tax purposes. An LLC, for example, may be treated as a disregarded entity, partnership, C corporation, or S corporation depending on ownership and valid elections.
Swyft Filings offers EIN filing assistance for businesses and nonprofits. An Employer Identification Number, or EIN, is a federal tax identification number commonly used for tax filings, payroll, banking, licenses, and other business activities. The EIN is separate from the state document that creates an LLC, corporation, or nonprofit.