What is EIN (Employer Identification Number)?
EIN (Employer Identification Number) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses and other entities for tax reporting purposes. It is used to identify a business for tax filings, including income tax returns, payroll taxes, and other federal tax-related activities. The EIN is also required when opening a business bank account, applying for business licenses, or filing certain business forms.