The federal employer identification quantity (FEIN), also called the employer identification quantity (EIN), is a novel nine-digit quantity assigned by the Inner Income Service (IRS) to companies working in the USA. It’s used to determine the enterprise for tax functions and is required for companies to file sure tax varieties, such because the Type W-2 and Type 1099.
FEINs are necessary as a result of they permit the IRS to trace companies and be sure that they’re complying with tax legal guidelines. In addition they assist to forestall fraud and identification theft. Companies can acquire a FEIN by finishing the Type SS-4, which could be discovered on the IRS web site.