Employer Identification Number - EIN

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Dictionary Says

Definition of 'Employer Identification Number - EIN'

A unique identification number that is assigned to a business entity so that they can easily be identified by the Internal Revenue Service. The Employer Identification Number is commonly used by employers for the purpose of reporting taxes.

Also known as a Federal Tax Identification Number. When it is used to identify a corporation for tax purposes, it is commonly referred to as a Tax Identification Number.

Investopedia Says

Investopedia explains 'Employer Identification Number - EIN'

The EIN is a nine-digit number, and its role is similar to that of the Social Security number. The number includes information about which state the corporation is registered in. EINs can be applied for by phone, online or by mail. The digits of an EIN are formatted as follows: XX-XXXXXXX. Businesses that have changed their ownership structure usually must apply for a new EIN.
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'Employer Identification Number (EIN)'

  • Starting A Small Business: Location And Licenses | Investopedia

    http://www.investopedia.com/university/small-business/finding-location-getting-licenses.asp
    ... Employer Identification Number (EIN) You will need to apply for an employee
    identification number (EIN), also known as a taxpayer identification number, with ...

  • 5 Steps To Forming A Tax-Exempt Nonprofit Corporation

    http://www.investopedia.com/articles/financial-theory/11/how-to-form-nonprofit-company.asp
    ... tax-exempt status with the IRS. First, you'll need to apply for an employer
    identification number (EIN). This is a requirement for ...

  • Bag The Best Bank Account

    http://www.investopedia.com/articles/pf/09/choosing-bank-account.asp
    ... Identification can include: employer identification number (EIN) or federal employer
    identification number (FEIN) from the IRS, or a business certificate (in ...

  • Demystification Of Bank Accounts

    http://www.investopedia.com/articles/pf/08/demystify-bank-account.asp
    ... Personal accounts are opened under your Social Security number (SSN), whereas
    business accounts use your employer identification number (EIN). ...

  • Spotting Credit-Repair Scams

    http://www.investopedia.com/articles/pf/09/spot-credit-repair-scams.asp
    ... The agency suggests you obtain an Employer Identification Number (EIN)
    to use in place of your social security number. Conclusion ...

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