What Happens to Old EIN Numbers?


An EIN number, or Employer Identification Number, is a requirement for every business in the United States, set forth by the Internal Revenue Service. This number is similar to a social security number as it acts as a form of identification for a business. With this number, businesses and corporations can easily complete tax requirements, hire employees, open bank accounts and lines of credit. If you have a business, then you know the process of obtaining an LLC tax ID number and why the number is needed for the business.

If you are like most people, you probably wonder quite a bit about EIN numbers, such as what happens to old numbers. You may be shocked to learn that there is essentially no such thing as old EIN numbers. After a business shuts down, the EIN number still exists. This applies to businesses that never fully start as well.

The Internal Revenue Service does not get rid of EIN numbers for any reason. The nine-digit number is assigned to a business and it becomes the permanent federal tax ID number for that entity. Even if the number was never used to file for income taxes or open a bank account for the business, the number cannot be used again.

If you open a business and happen to shut down, you can alert the IRS and let them that the account is no longer needed. To do this, you will need to send a letter to the IRS that includes information about your business. List the name of the entity, the EIN number associated with the business, the address of the company, and the reasoning behind closing the account.

If you decide to start a new company in the future, you will need a new EIN number. The quickest way to obtain one is to go online and use irs-ein-tax-id.com. An online application process is offered as well as support via live chat to assist in filing for a new number.

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