A Federal ID Number, or Employer Identification Number (EIN), is a nine-digit number assigned by the IRS to businesses for tax filing and employment purposes.
- What is a Federal ID Number?
Answer: It is a nine-digit EIN assigned by the IRS for tax and employment purposes. - Who needs a Federal ID Number?
Answer: Businesses with employees or specific structures (e.g., LLCs) need it. - How is it obtained?
Answer: It is obtained by applying online or via Form SS-4 on the IRS website. - What is it used for?
Answer: It is used for tax filings, hiring, and opening bank accounts. - What happens if it’s lost?
Answer: A replacement can be requested from the IRS.
