An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. It is also known as a Federal Tax Identification Number and is used to identify the business for tax purposes.
An EIN is important for several reasons. First, it is required for businesses to file taxes with the IRS. Second, it is used to open business bank accounts and obtain business licenses. Third, it is used to report payroll information to the Social Security Administration.
