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What is an Employer Identification Number/Tax Identification Number (EIN/TIN)?

April 26, 2017EIN employer Identification tax tin

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What is an Employer Identification Number/Tax Identification Number (EIN/TIN)?

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An EIN and a TIN are one and the same. It is an identification number assigned to identify taxpayers who are required to file various business tax returns. It is generally used by corporations, sole proprietors, partnerships, nonprofit associations, trust estates of descendants and other business entities.