Difference between a Tax & Employer Identification Number (TIN & EIN)

A Tax Identification Number, or TIN, is a number that is issued by the Internal Revenue Service, or IRS, to businesses for tax-relating matters. The nine-digit number shows the status of a business to the IRS. The TIN allows a business to be more efficient and effective. When a TIN is used for hiring purposes, it is known as an Employer Identification Number or EIN. At IRS EIN Filing Service, Government Assist agents are ready to help you any time day or night in the process of applying for an EIN and answering any questions you may have about how to get an EIN in Colorado.

When an EIN is Required?

Every business is required to have an EIN at the time of registration. It is an easy and simple practice to obtain an EIN, a nominal amount is required to be submitted to get an EIN. You need to have a social security number to apply. It is online now, and it’s a straightforward and quick process.

When starting a business anywhere in the United States, an EIN is required. Furthermore, an EIN is required if you hire employees. This allows you to have a record of your employee’s individual taxes. When opening a business bank account, an EIN is required for this purpose as well. Also, if you are an administrator, also called an executor, of an estate, you must have an EIN. An estate operates as a business upon the death of the owner which means you must apply for an EIN number for an estate which allows you to report income or wages or pay any taxes due on the estate.

You also need a business account in a bank for EIN. The bank should make a unique account for your business needs, and in the event of any disparity, it is a responsibility of the bank to provide all the required business record. Before the transfer of ownership is completed, to be able to confirm your identification number, you will have to register for an EIN if you are thinking of buying a present business.

Fast, Safe and Secure

When you apply for a TIN or EIN, you want fast results. At IRS-EIN-Tax-ID you receive the nine-digit number in a matter of hours, not weeks, safely through their secure email system. When applying during the evening hours, you may need to wait until the following day to receive the number. The process of applying is simplified, making it easy to complete. Regardless of day or time, Government assist agents are ready and willing to assist you with any questions you may have.

How to Rectify or make Change to an EIN

If you have made an error on your EIN application or mistakenly mention a non-owner or office, you do not need to submit a new application. According to authority, you should submit a letter on company letterhead preferably. Provide the complete information and rectification which is needed. Make sure to send all the information necessary to help IRS identify your account.


The summary of an EIN and TIN differences is, the TIN is needed for the tax-relating functions of a company. It is EIN if that exact same number is used to document the taxes of the workers. To start a business or to hire workers an EIN is needed, but you do not require a TIN for this.

Muhammad Irfan
Muhammad Irfan
Irfan Bajwa is an emerging business enthusiast and passionate blogger and writer on a versatile level.


Related Stories