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 ?
With operations in all 50 states and several Federal ID numbers, Sylvan wanted to centralize its human resource and payroll processes in-house for greater control and easier access to the data on its more than 6,000 employees, eliminating a 12-year payroll service bureau relationship.
Schedule F Manager also validates NAIC numbers, Federal ID numbers and group codes to help avoid processing errors.
The forum was sponsored by the highly respected Washington, DC-based Direct Selling Education Foundation (DSEF), which conducted the meeting, describing it as "a subject of highest urgency," an obvious reference to both consumer fraud concerns and the aftermath of September 11 and the realization of how easy it had become to acquire or even steal someone else's personal and credit information through the wrongful use of Social Security numbers and their business counterpart, Federal ID numbers.

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