What is an EIN?
An Employer Identification Number (EIN), also called a Federal Tax ID, is a unique nine-digit number issued by the IRS to identify a business for federal tax purposes. Similar to a Social Security number for an individual, an EIN is commonly used to file business taxes, hire employees, open a business bank account, and apply for certain licenses or permits. Swyft Filings offers an EIN filing service that helps business owners complete and submit the required application information, simplifying the process and helping reduce filing errors.
Swyft Filings' EIN service is intended to help customers prepare and submit the information needed for the EIN request. The EIN identifies the business for federal tax and administrative purposes; it does not replace the state formation filing, a business license, or nonprofit tax-exempt recognition. The business should keep its EIN confirmation with its permanent records because banks, payroll providers, tax professionals, and licensing agencies may request it.