What is an EIN number?
An EIN is a unique nine-digit number the IRS assigns to a business entity to identify it for tax purposes.
Do all businesses need an EIN?
Sole proprietors without employees can use their SSN instead of an EIN.
How do I get an EIN fast?
Getting your EIN instantly is possible by applying online through the IRS website.
What if I need to cancel an existing EIN?
To cancel an existing EIN, mail a cancellation letter to the IRS. You can apply for a new EIN without waiting for cancellation of the old one.
What information is required for an EIN number?
- An Employer Identification Number (EIN) is a nine-digit number assigned by the Internal Revenue Service (IRS) to businesses for tax purposes.
- An EIN is required to hire employees, open business bank accounts, apply for business licenses, establish business credit, and file taxes.
- Sole proprietors without employees can use their Social Security Number instead.
- Companies structured as partnerships, corporations, or LLCs need EINs.
The term "employer identification number"
The term "employer identification number" refers to a unique identifier assigned to a business entity for easy identification by the IRS for tax reporting.
An EIN allows the IRS to track business income and expenses
An EIN allows the IRS to track business income and expenses. It establishes the business as a separate tax entity.
The EIN is a 9 digit tax ID number
The EIN is a 9 digit tax ID number used to identify a business, like how a Social Security Number identifies an individual.
The IRS provides EINs to distinguish businesses
The IRS provides EINs to distinguish businesses from each other.
An Employer Identification Number (EIN) is a unique 9 digit number
An Employer Identification Number (EIN) is a unique 9 digit number assigned by the IRS to corporate entities operating in the US for identification and federal tax reporting.