An employer identification quantity (EIN) is a singular nine-digit quantity assigned by the Inner Income Service (IRS) to companies working in the US. It’s also often known as a Federal Tax Identification Quantity (FTIN) or a Federal Employer Identification Quantity (FEIN).
EINs are used to determine companies for tax functions and are required for companies which have staff or that file sure kinds of tax returns. EINs are additionally utilized by banks and different monetary establishments to determine companies for reporting functions.