Thank you so much for your prompt help with a time sensitive question. I received the perfect answers. Yes - it is appropriate for me to receive a 1099-NEC from a student taking a course with me that they wish to use as a business deduction on their business return, and even more importantly, that I should apply for an EIN to avoid giving out my personal social security number.
I just did so with the link provided on this thread and received the number immediately.
I have one last question -
I have two businesses and file two schedule C's. Confirming that I will use the EIN I was just issued for both businesses when filing my 1040, even though the EIN was issued in the name of only one of them?
If I understand the IRS website correctly, it seems to say that only one EIN is issued per taxpayer, even if the taxpayer has multiple Schedule C businesses. Am I understanding that correctly?
