WebNot having the tax ID number can result in severe IRS penalties. When is an EIN is required? You need to obtain an EIN from the IRS whenever you form a business that is … WebFeb 14, 2013 · An Employer Identification number (EIN) is a number used to identify businesses whether they are sole proprietorships, corporations, partnerships, or other not personal entities. It is the US equivalent of a Canadian Business number. There are various methods to obtaining an EIN. If you use the service of a competent tax professional, you …
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