An employer identification quantity (EIN) is a singular nine-digit quantity assigned by the Inner Income Service (IRS) to companies working in the US. Additionally it is often known as a Federal Tax Identification Quantity (FTIN) or a Federal Employer Identification Quantity (FEIN).
EINs are used to establish companies for tax functions and are required for companies which have workers or that file sure kinds of tax returns. EINs are additionally utilized by banks and different monetary establishments to establish companies for reporting functions.