Employer Identification Number (EIN)

An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to businesses for tax filing, hiring employees, and other federal obligations.

1. What is an Employer Identification Number (EIN)?
   Answer: It is a nine-digit number assigned by the IRS for business tax purposes.
   
2. Who needs an EIN?
   Answer: Businesses with employees, partnerships, or corporations need an EIN.
   
3. How is an EIN obtained?
   Answer: It is obtained by applying online or via Form SS-4 on the IRS website.
   
4. What is the EIN used for?
   Answer: It is used for tax filings, opening bank accounts, and hiring.
   
5. What happens if an EIN is lost?
   Answer: A replacement can be requested from the IRS.