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What are the practical uses for a Federal Tax ID/EIN?

April 26, 2017EIN federal tax Id practical uses

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What are the practical uses for a Federal Tax ID/EIN?

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You can use a Federal Tax ID/EIN in order to open a bank account, apply for credit, fill out W-9 forms for clients, and file your tax return. Even if you don’t need one, most business advisers recommend you get one and use it instead of your SSN.