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What is a Federal Employer Identification Number (FEIN)?

April 26, 2017employer Federal FEIN Identification

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What is a Federal Employer Identification Number (FEIN)?

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A FEIN, also referred to as EIN, is a federal tax identification number that is used to identify a business entity. Every employer subject to employment taxes is required to have a FEIN to identify the business with the Internal Revenue Service (IRS) and the Social Security Administration. Some businesses that have a qualified retirement plan (such as Keogh) or pay federal excise tax, are required to have a FEIN even if they do not have employees. Click here to obtain information about the FEIN.

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A Federal Employer Identification Number (FEIN) can be used to identify a business entity that is legally separate from yourself, such as your corporation, partnership, or retirement plan.

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This is also known as a Employer Identification Number (EIN) and is generally required in order to start a limited liability entity. If starting a Minnesota business you will typically need to apply for a Minnesota tax ID number .