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Topic: Taxpayer Identification Number vs Social Security
| Author | Message |
| maggirl | Posted – 10/2/2007 11:50:51 AM | show profile I'm employed full-time but freelance occasionally (making $5000 or less per year on the freelance assignments). A client I wrote for once (Time Out) required me to get a TIN/EIN number in order to get paid. I'm wondering if I should continue to use this number for future assignments with other clients. Are there any pros or cons to using one over the other? I know some people worry about identity theft. Specifically I'm wondering if there is a difference in the way you are taxed based on which number you use. Anyone know about that? |
| nandy | Posted – 10/5/2007 1:37:14 PM | show profile My take on it is if you only use your SS number, the companies worry that you might be considered an employee. But if you use an EIN, you are definitely categorized as a non-employee. I don't think it effects your tax any other way unless you, in turn, hire someone to work for you. |
| candylilacs | Posted – 10/5/2007 9:52:34 PM | show profile I use my SS number, but if you are using a fictitious name like Maggirl Productions then you usually use a TIN. People also use them when they don't have a Social Security number. As long as you're not committing fraud, I wouldn't worry about it. Anyone else want to chime in? ------ http://www.mswritesguide.blogspot.com |
