An Employer Identification Number (E.I.N.) is a unique nine-digit number assigned by the IRS to identify your business for tax purposes. It's essential for opening business bank accounts, filing taxes, and establishing business credit.
Only apply through the official IRS website (irs.gov). Many third-party sites charge unnecessary fees for this free service.
You need an E.I.N. if you:
Fill out the online application carefully. The system will guide you through each section and validate your information.
Online applications receive E.I.N.s immediately. Print and save your confirmation letter for your records.
Use your E.I.N. to open a dedicated business bank account to separate personal and business finances.
Provide your E.I.N. to banks, vendors, and anyone who needs to send you tax forms.
Use your E.I.N. to establish business credit separate from your personal credit.
Use your E.I.N. for all business tax filings and when issuing 1099 forms to contractors.