Question

Toni Prevosti is opening a new business, Prevosti Farms and Sugarhouse, which is a small company that will harvest, refine, and sell maple syrup products. In subsequent chapters, you will have the opportunity to establish payroll records and complete payroll information for Prevosti Farms and Sugarhouse.

Toni has decided that she needs to hire employees for the business to grow. Complete the application for Prevosti Farms and Sugarhouse’s Employer Identification Number (Form SS-4) with the following information:
Prevosti Farms and Sugarhouse is located at 820 Westminster Road, Bridgewater, Vermont, 05520 (which is also Ms. Prevosti's home address), phone number 802-555-3456. Bridgewater is in Windsor County. Toni, the responsible party for a Limited Liability Corporation with one member, has decided that Prevosit Farms and Sugarhouse will pay its employees on a biweekly basis. Toni’s social security number is 055-22-0443. The beginning date of the business is February 1, 2017. Prevosti Farms and Sugarhouse will use a calendar year as its accounting year. Toni anticipates that she will need to hire six employees initially for the business, three of whom will be agricultural and three who will be office workers. The first date of wage disbursement will be February 13, 2017. Toni has not had a prior EIN.
Prepare Form SS-4 for Prevosti Farms.

Answer 1

To complete Form SS-4 for Prevosti Farms, include the business name, the owner's personal details, type of entity, and the expected number of employees. It establishes the farm's identity with the IRS for tax and payroll purposes.

Step-by-step explanation:

To complete Form SS-4 for Prevosti Farms and Sugarhouse to obtain an Employer Identification Number (EIN), the following details would be needed based on the information provided:

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• Legal name of the entity: Prevosti Farms and Sugarhouse
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• Trade name of the business (if different): Same as legal name
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• Executor, administrator, trustee, "care of" name: Toni Prevosti
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• Mailing address: 820 Westminster Road, Bridgewater, VT 05520
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• County and state where the business is located: Windsor County, Vermont
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• Responsible party's SSN: 055-22-0443
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• Type of entity: Limited Liability Corporation (LLC) with one member
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• Reason for applying: Starting a new business
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• Expected number of employees in the next 12 months: 6
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• First date wages or annuities were paid: February 13, 2017
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• Accounting year: Calendar year

This SS-4 Form would register Toni Prevosti as the responsible party and owner of an LLC and help establish her business's identity with the IRS for tax purposes and employee payroll.

Answer 2

Please find full question and answer attached

Answer and Explanation:

We have attached the form SS-4 and filled the details necessary for Prevosti Farms and Sugarhouse's application for Employment identification number(EIN) using the information in the question. Note :Employment identification number(EIN) here is issued to Prevosti Farms and Sugarhouse by IRS here for the purposes of tax filing and reporting.