A Federal Identification Number (FEIN or EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. It is used to identify a business entity for tax purposes and is required for various business activities, such as filing taxes, opening a business bank account, and hiring employees.
Obtaining a FEIN is relatively straightforward and can be done online, by mail, or by fax. The IRS website provides a user-friendly online application that guides businesses through the process step-by-step. The application typically takes around 10 minutes to complete and the FEIN is usually issued within a week.