How Do You Verify EIN Number For A Business?
An EIN, or Employer Identification Number, also known as a Federal Tax ID Number, is a legal requirement used to identify a business. Sole proprietors are not required to use an EIN; however, an EIN is required to open a bank account and is recommended instead of using a social security number. According to the Data Privacy & Integrity Advisory Committee Report No. 2008-02, “The Employer Identification Number (EIN), if validated, can be instrumental in verifying the identity of an organization. However, validating the EIN through the Internal Revenue Service (IRS) database is challenging due to the legislative constraints on the use of the data.” Fortunately, private businesses are able to bridge this gap easily and serve as the link to verify an EIN number for a business. Write down the EIN and the exact name of the business and/or business owners for the EIN number you need to verify. If you do not have an EIN to start the verification process, try to find the number on the company’s
