An EIN (also called a Federal Employment Identification Number or FEIN) is a unique nine-digit tax ID number that the IRS assigns to businesses. Similar to a person’s social security number, an EIN is used by businesses to open bank accounts, apply for loans and licenses, fulfill tax obl...
Who Else Uses My Tax Identification Number? Not only does the federal government use your Tax ID to identify you, but your state and local government, your creditors, banks and possibly your vendors, might too. You will often need to have a Tax ID number before you can do such things as...
How To Get Your Federal Employer Identification Number Technically if you are a sole proprietorship, you don’t need to obtain a federal employer identification number or FEIN. But my advice is to get one no matter what for your small business in order to fullyseparate your busine...