A unique identification number that is assigned to a business entity so that they can easily be identified by the Internal Revenue Service. The Employer Identification Number is commonly used by employers for the purpose of reporting taxes. Also known as a Federal Tax Identification Number. When it is used to identify a corporation for tax purposes, it is commonly referred to as a Tax Identification Number. Additionally, banks require an EIN before opening a bank account for an SPV and SPV Organizers will request this information from investors on subscription documents and tax forms.
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