Employer Identification Number (EIN),
Definition of Employer Identification Number (EIN):
An Employer Identification Number (EIN) is a unique identification number that is assigned to a business entity so that it can easily be identified by the Internal Revenue Service (IRS). It is commonly used by employers for the purpose of reporting taxes.
A unique numerical identifier which is used to identify businesses, partnerships, or other entities. This number is used by the IRS for many tax-related purposes.
The EIN is also known as a Federal Tax Identification Number. When it is used to identify a corporation for tax purposes, it is commonly referred to as a Tax Identification Number (TIN).
How to use Employer Identification Number (EIN) in a sentence?
- When filing your taxes it is required to have your employer identification number to make sure you are filing through the proper chain.
- I wanted to know the employer identification number in order to identify who they were and what department I worked in at the firm.
- An Employer Identification Number is a unique number assigned to a business so that it can easily be identified by the IRS.
- The Employer Identification Number was used for tax purposes as well as internally as a way of organizing pertinent data.
- Applying for one is free and applications are available on the IRS website and can easily be filled and submitted electronically.
- A business must be located in the U.S. or U.S. Territories to apply for an EIN online.
Meaning of Employer Identification Number (EIN) & Employer Identification Number (EIN) Definition