A Tax Identification Number (TIN), also known as a Federal Employer Identification Number (FEIN) or Employer Identification Number (EIN), is a unique identification number assigned by the Internal Revenue Service (IRS) to businesses and self-employed individuals. It is used to identify taxpayers for the purpose of tax administration and can be used for various purposes, including filing tax returns, opening bank accounts, and applying for licenses and permits. If you are required to file taxes, you will need to obtain a TIN.
There are several benefits to obtaining a TIN, including: