HR Glossary

Employee Identification Number (EIN)

By Katie Milner October 31, 2019 No Comments

What is an Employee Identification Number (EIN)? Definition below:

”An Employee Identification Number (EIN) is the number assigned by the Internal Revenue Service (IRS) to a company for tax purposes.

An Employee Identification Number (EIN), sometimes referred to as a Tax ID Number, is unique to a company and is permanent. Businesses that have employees must have an Employee Identification Number. This allows the IRS to properly track companies and tax payments.

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Katie Milner

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