A tax identification number (TIN) is a unique identifier used by the Internal Revenue Service (IRS) to identify taxpayers. Businesses are required to have a TIN in order to file taxes and pay taxes. There are two types of TINs for businesses: the Employer Identification Number (EIN) and the Social Security Number (SSN). The EIN is a nine-digit number that is used by businesses that have employees. The SSN is a nine-digit number that is used by businesses that do not have employees.
There are several benefits to obtaining a TIN for your business. First, it will allow you to file your taxes electronically. Second, it will help you to avoid penalties for late filing or non-filing of taxes. Third, it will give you access to certain tax benefits, such as the earned income tax credit.