Employer identification number
Employer identification number (also known by its abbreviation EIN) is a number assigned by the United States Internal Revenue Service (IRS) that is used by an employer when recording and paying payroll and income taxes.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Employer identification number (EIN). A number assigned by the IRS that is used by an employer when recording and paying payroll and income taxes.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
