Apr 8, 2025 · The term "employer identification number" (EIN) refers to a unique identifier that is assigned to a business entity so that it can easily be identified by the Internal Revenue Service (IRS)....

Apr 30, 2025 · An EIN is a federal tax ID number for businesses, tax-exempt organizations and other entities. You can get an EIN for free directly from the IRS in minutes. Apply online. On this page. Who needs an EIN. Before you apply. Ways to apply for an EIN. Who is a responsible party. Report beneficial owners to FinCEN when required. When you can use your EIN

EIN number meaning: An employer identification number (EIN), also known as a federal tax ID number, is a nine-digit number the IRS uses to identify businesses. Business owners, solopreneurs, and self-employed individuals often question whether they need an employer identification number (EIN).

Mar 26, 2025 · What does EIN mean? An EIN, or employer identification number, is a nine-digit number business entities receive to help identify them. The IRS issues these numbers so businesses can use them to file payroll tax returns.

An Employer Identification Number (EIN) is a nine-digit number the Internal Revenue Service (IRS) uses to identify businesses for tax purposes, similar to a Social Security Number (SSN) for individuals. An EIN number follows the following format: XX-XXXXXXX (for …

Apr 26, 2025 · However, getting an EIN can be beneficial to avoid using your personal SSN for business purposes. Nonprofit Organizations. Nonprofits must have an EIN to apply for tax-exempt status under Section 501(c)(3) or similar provisions. Business Bank Accounts and Credit. Many banks require an EIN to open a business bank account or apply for business ...

Feb 9, 2022 · Each U.S. citizen is issued a unique Social Security number upon their birth. This number enables easy identification by government entities and also serves to distinguish one person from another. In the same manner, the IRS assigns Employee Identification Numbers (EINs) to businesses, usually when they are newly established.

Oct 24, 2024 · An Employer Identification Number (EIN) is used by the IRS to identify your business. Learn more about EINs and how to get an EIN for free in our guide.

Feb 24, 2025 · Often compared to a social security number—but for businesses—the EIN is the tax identification number issued by the Internal Revenue Service (IRS). Let's dive into why this nine-digit number is so important and how it can benefit your business. What Is …

What is an EIN? EIN stands for “employee identification number” and it’s the number assigned to your startup for tax purposes. Think of it like your company’s social security number. The EIN is also known as a Federal Tax Identification Number. The EIN is nine digits in this format: XX-XXXXXXX. Does my business need an EIN?