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(FEIN) Federal Employer Identification Number

The Federal Employer Identifcation Number (EIN) is a number by which the IRS identifies taxpayers. An individual may use his Social Security Number on many tax forms. However, anyone who employs others, or is self-employed, is required to have an EIN.

Generally you need an EIN when your business:

Is new

Is an LLC or Corporation

Furthermore, banks may require an EIN in order to open a business bank account.





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