Is a federal tax ID the same as my Social Security number?

Answer In the case of an individual or sole proprietorship, a Social Security number is the same as a federal tax ID. In the case of a separate business entity such as an LLC, corporation or partnership,... Read More »

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Is a tax identification number the same as your Social Security number?

Although used interchangeably on Internal Revenue Service documents, taxpayer identification numbers and Social Security numbers are not the same. The Social Security Administration assigns Social ... Read More »

Can two people have the same Social Security number?

Under no circumstances does the Social Security Administration re-use or issue duplicate Social Security numbers. Therefore, two people cannot have the same Social Security number, although two num... Read More »

State Law Vs. Federal Law for Social Security?

Social Security benefits are are administered by the federal government. They are based on the amount of Federal Insurance Contributions Act (FICA) taxes and self-employment income taxes a person h... Read More »

Social Security & Federal Withholding?

Payroll taxes that fund social security, Medicare, unemployment and smaller retirement programs accounted for 34 percent of federal income in 2007 notes The Tax Policy Center website. The majority ... Read More »