What is a Federal Tax ID / Employer Identification Number (EIN)?
An EIN Number is also referred to as a Federal Tax ID or Tax ID. An EIN Number is similar to a
Social Security Number (SSN) for a business. EIN Numbers are issued by the Internal Revenue
Service (IRS) in order to identify businesses for tax related purposes. The most common reasons
for obtaining an EIN Number include: starting a business, opening a bank account, hiring
employees, applying for business licenses, and purchasing an existing business.