Square uses your business name and taxpayer information to verify your business and process your Square Capital request. You’ll be asked to submit either:
- Your personal name and Social Security Number (SSN)
- Or your business name and Tax Identification number (TIN/EIN)
Lost Tax Identification
For Security purposes, Square doesn’t have access to your taxpayer information. If you’ve lost or misplaced your taxpayer information, here are a few tips:
- For your business name, remember to add your incorporation choice at the end (LLC, Inc, etc.). You can also find your full name of incorporation at your state’s Secretary of State website.
- When you first apply for an EIN, the IRS will send you Form SS-4. Your EIN is located in the top right corner of this form (it is a nine-digit number in the following format: XX-XXXXXXX).
- You can call the IRS and inquire about your EIN. You can reach their Business and Specialty Tax Line at 800-829-4933.
- For additional tips, visit the IRS online.
Incorrect Tax Identification
Square verifies that your name and TIN (EIN or SSN) are entered successfully and match what the IRS has on file.
- If you have a DBA, enter your legal name instead of your business name. (E.g., John D. Smith DBA “John Smith Enterprises” should be entered as “John D Smith.”)
- Make sure you are entering your full business name.
- Make sure you are entering your full legal name. If you recently married, try using your maiden name.
- Don’t include any commas, periods, or apostrophes within the business name in the tax form tab, as the IRS website doesn’t allow for these characters.
- Verify that you’re entering information issued by a federal agency such as the IRS or SSA (Social Security Administration) and not a state agency.
Keeping these tips in mind, go to the Capital tab in your Square Dashboard and try entering your edits again.