I am a license daycare home owner, well co-owner with my mom. When we filled out our licensing paperwork we had to fill out a W-9, which had something to do with a Tax ID Number, but I'm not sure if that got us a TIN or not. We didn't have a name for the daycare yet, so I just put my name and social security number on it.
We went to the bank to open a business bank account but they said we had to have a TIN, but I didn't want to apply for one again if we already had one. I asked our licensing consultant if we would get a TIN since we filled that paper out and she had no clue! Plus she said the bank shouldn't need one.
So do we had one since I filled out a W-9? I just didn't want to apply twice and get everything screwed up! Also, whats the difference between a TIN and an EIN? We have an assistant that works for us so we're trying to figure out payroll and all that good stuff, so we didn't know if we needed that too.
Thanks so much for all the help!
