Tax Identification Number


Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
The IRS created the Individual Tax Identification Number in July 1996 to replace another confusing identification system for those without Social Security numbers, Wilson said.
All paid tax return preparers must register with the IRS, pay a registration fee and obtain a preparer tax identification number.
Included in the bill is the Foreign Account Tax Compliance Act, which requires foreign entities to provide withholding agents with the name, address, and tax identification number of any U.
Most booster clubs have a board of officers, a bank account and a nonprofit tax identification number.
If you haven't done so already, get a tax identification number (Form SS-4) from your nearest U.
As of 2011, the Internal Revenue Service is also requiring paid tax preparers have a Preparer Tax Identification Number (PTIN).
As of 2011, all tax professionals were required to obtain from the IRS a preparer tax identification number (PTIN) and register their "license" annually.
1, 2011, a tax return preparer must be a CPA, attorney, enrolled agent, or "registered tax return preparer" to obtain a preparer tax identification number (PTIN), which is required for all preparers who for compensation prepare all or substantially all of a tax return.
The statement must include (1) the partnership's name, address and tax identification number (TIN); (2) a representation that the partnership is eligible to make the election under Sec.
Ferguson promised to call back with a federal tax identification number so Becker-Skaggs could deduct the donation from her taxes.
The manual will also show you how to file for a federal tax identification number, which you'll need to open a brokerage account.
Miller is also certified with the IRS with a Preparer Tax Identification Number (PTIN).