The federal employer identification quantity (FEIN), also called the employer identification quantity (EIN), is a singular nine-digit quantity assigned by the Inside Income Service (IRS) to companies working in america. It’s used to determine the enterprise for tax functions and is required for companies to file sure tax types, such because the Type W-2 and Type 1099.
FEINs are vital as a result of they permit the IRS to trace companies and be sure that they’re complying with tax legal guidelines. Additionally 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.