Tax Identification Number

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Tax Identification Number

A number the IRS assigns to businesses and other entities, such as trusts, for tax purposes. While the TIN exists for a variety of reasons, its main function is to ensure that each organization is billed for its own taxes, and not those of another entity with the same name. Social Security numbers serve as TINs for individuals.
References in periodicals archive ?
This entails giving the person an employer identification number, which resembles a Social Security number but generally is used by businesses to report information to the Internal Revenue Service or the Social Security Administration.
Insurance companies providing such benefits make FIT deposits under their own employer identification number (EIN), rather than the EIN of the employer on whose behalf the sick pay is paid.
LINK2GOV processes payments immediately and provides a confirmation number as proof of payment; the IRS posts the payment based on the Social Security Number or Employer Identification Number entered during the transaction4.
Tax consultants and preparers with home-business-based clients can find tips here on tax breaks in compliance with congressional law, the tax code and tax court rulings such as "converting 'commuting miles' into tax-deductible business miles," the benefits of obtaining an employer identification number and deductions for donations.
Employers who did not receive a notice by mail, but meet the eligibility requirements, should contact the Settlement Administrator toll-free at 1-844-322-8230, provide the employer's Ohio BWC policy number and Employer Identification Number (EIN).
In another ruling, (6) the corporation filed both Form SS-4, Application for Employer Identification Number, indicating it planned to be an S corporation, and Form 1120S, U.
decides to file a consolidated federal income tax return (form 1120), its CPAs must make sure it attaches an affiliations schedule (form 851) listing the name and federal employer identification number of the new subsidiary.
Also, the revised regulations reduce the reportable information to four items: the company's name and employer identification number, the date of the asset transfer, the fair market value and basis of the assets transferred, and the date of any IRS letter ruling.
Even if a hospital and medical school report wages under the same employer identification number, they may not be considered a single employer.
Approximately one-half of the returns A signed included S's name and employer identification number (EIN).
Item 13: The information requested includes the preparer's signature, date, centralized authorization file number or preparer tax identification number, firm name, address, employer identification number and phone number.
The notification should contain a signed statement that includes the taxpayer's full name, new address, old address and Social Security or employer identification number.

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