Employer Identification Number (EIN) common questions and answers 2021 and 2022 for self employed and sole proprietor

Employer Identification Number Questions and Answers

The Employer Identification Number, or EIN for short, is like a taxpayer ID number and is the essential first step for starting a business. Employers use this unique identification number to report information on employees and file necessary tax forms with the Internal Revenue Service (IRS). For example, employers need an Employer Identification Number in order to open a business bank account. Here are some common questions and answers that you might have on the EIN.

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