â Organizational tax; taxes on changes of capital. An Employer Identification Number (EIN), also known as a federal tax identification number, identifies a business entity. Generally, all businesses need an EIN. An EIN is a nine-digit number that the Internal Revenue Service assigns to a business. The IRS uses the number to identify taxpayers that are required to file various business tax returns.
***** ** There are independent ** private colleges that are ** not for profit corporations or NGOs ***** These are usually treated like State Institutions but will have to pay taxes on investment property and no mission enterprises. Source(s): packinrat Â· 8 years ago.
Private for-profit schools include primary and sec-ondary schools, colleges and universities that provide education equivalent to that furnished at public schools. For-profit schools must pay sales or use tax on purchases of taxable goods and services. Private for-profit career schools, such as business schools, licensed under M. S. Chapter 136A, must pay sales or use tax on purchases of taxable goods and ser-vices.