147c Letter
What is an IRS 147c Letter?
Put simply, a 147c letter is a document that requests an organization's Employee Identification Number (EIN) or verifies an EIN that has been provided. It's also called an EIN verification letter and replaces the CP 575 notice. It's important to note that a 147c letter can only be requested by organizations or authorized third parties.
The IRS will not create an EIN when they get this letter. They will just report if one already exists. By understanding what a 147c letter is and how it's used, businesses can ensure that their EIN information is accurate and up-to-date.
How to Request a 147c Letter
If you ever lose your CP 575, you should ask for a 147C letter. You need to call the IRS at 1-800-829-4933 to get a 147c letter. They are open Monday through Friday from 7 am to 7 pm. You will need to a few questions for security & verification purposes.
You can also mail in a request for the letter, but it may take 4-6 weeks for them to return it. The IRS can fax or mail the notice if you ask them to.
Why Do I Need a 147c Letter?
This letter contains your EIN, which is often used by third-party organizations or individuals, such as banks or lenders, to confirm a company's tax identification number.
For example, if you want a business loan, you will need an EIN number. It is like your ID number for your business. Banks and other businesses use this to make sure it really is your business. Other uses for the EIN or 147c include filing payroll taxes, applying for business permits, or using certain software vendors.
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