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What is a Federal Tax Number or EIN?

April 26, 2017EIN federal tax

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What is a Federal Tax Number or EIN?

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A Federal Tax Number, or EIN number (Employer Identification Number). The EIN number can be used by corporations when they setup bank accounts, hire employees, or file tax returns. The EIN number for the corporation can be compared to the Social Security Number(SSN) for the individual.