Federal Employer Identification Number (FEIN) Definition This 9 digit code is used by businesses in order to classify and identify them as a tax payer, for banking services and other official and legal purposes. Businesses with no employees, single member LLC's and sole proprietorship's may use...
A federal tax ID number is a unique, nine-digit number that is issued by the IRS to identify a business for tax reporting purposes. It is also commonly referred to as anemployer identification number (EIN)or afederal employer identification number (FEIN). When do I need a federal tax ID ...