FEIN stands for Federal Employer Identification Number, which is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States. It is also known as an EIN, an Employer Identification Number, or a business tax ID. The FEIN is used to identify businesses on tax and payroll forms, and it is required to file tax returns, set up retirement accounts, and offer medical and dental benefits to employees, among other uses. The FEIN is different from an employer state ID number.
To summarize, an FEIN is a unique identification number assigned by the IRS to business entities operating in the United States, which is used to identify businesses on tax and payroll forms, and is required for various purposes such as filing tax returns and setting up retirement accounts.
