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.
Taxes. There are basically three types of itemized deductible non-business taxes: foreign income tax, real property tax, and personal property tax. To be deductible, the tax must have been charged to you and paid by you. Foreign income tax is any tax on income paid by you to any foreign government. Real property taxes are state, local, and foreign taxes such as real estate taxes. Many. states and counties also impose local benefit taxes.