Federal Requirements

Disclaimer: Great care has been taken to ensure the accuracy and completeness of the information provided here. Nonetheless, the new business owner is cautioned to contact the City of Foster City and the San Mateo County governments to confirm the requirements and to determine if other requirements are necessary for their business. The Foster City Chamber of Commerce assumes no liability for the correctness of the information presented here.

1. Obtaining a Federal Employer Identification Number

- usually required by most businesses even if they don’t have employees

Contact :
Internal Revenue Service (IRS)
Attn: EIN Operations
Philadelphia, PA 19255
Tel: (800) 829-4933
Fax: (215) 516-3990
see webpage
also see webpage

2. Federal Taxes

Federal Business Income Tax
Social Security Tax (if self-employed – Self-Employment Tax)
Excise Tax
– if you sell / produce chemicals, alcoholic beverages, tobacco, guns, etc.
Withholding Taxes for Employers
- withhold Income Tax from employee’s paycheck
- withhold Social Security Tax
(known as Federal Insurance Contributions Act – FICA)
- pay Federal Umemployment Tax (FUTA)

Contact :
Internal Revenue Service (IRS)
see webpage