Looking up an Employer Identification Number (EIN) is an essential task for individuals and organizations alike. An EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses and other entities for tax purposes.
Determining an EIN is crucial for various reasons. It is a legal requirement for businesses to obtain an EIN before opening a business bank account, filing taxes, or hiring employees. Additionally, knowing an EIN can assist with activities such as accessing business credit, applying for government contracts, and establishing a payroll system.