Why is an EIN Required?

Why is an EIN Required?

If you run a business, trust or administer an estate, It is legally required for you to have a Federal tax identification number which is commonly known as Employer Identification Number or EIN for short.  Why you need an EIN? You will be required to have an EIN...
Are ITIN and  EIN the Same?

Are ITIN and EIN the Same?

The Internal Revenue Service (IRS) uses a Taxpayer Identification Number (TIN), nine-digit number to track all information related to tax returns filed with them. It is issued either by the Social Security Administration (SSA) or by the IRS. A Social Security...