Getting an employer identification number for a business is easier than ever with the IRS’ new online tool. It can be used if the principal place of business is in the U.S. or U.S. territories, the person applying is a responsible person in control of the entity (or an authorized representative) and the responsible person has a Social Security number of individual taxpayer ID number (ITIN). There is no fee, and the IRS warns to “beware of websites that charge for an EIN.” #IdeaoftheDay