Can You Cancel an EIN Number?

Are you wondering if you can cancel an EIN number? This article will provide you with the answer.

What is an EIN?

An EIN, or Employer Identification Number, is a unique nine-digit number assigned to a business as an identification number for tax filing and other business related purposes. This number is issued by the Internal Revenue Service (IRS) and is also known as a Federal Tax Identification Number.

Can You Cancel an EIN Number?

Unfortunately, you cannot cancel your EIN number. The EIN is yours forever and cannot be cancelled by the IRS. However, you can close the business tax account associated with the EIN.

How to Close Your EIN Account

To close your EIN and business account with the IRS, you will need to send them a letter including:

  • The complete legal name of the business
  • The EIN
  • The name, title and signature of the individual sending the letter
  • The reason for closing the business account

The letter should be sent by mail to the following address:

Internal Revenue Service

Attention: EIN Operation

Cincinnati, OH 45999

Why You May Need to Cancel Your EIN

There are a few reasons why you may need to close your business’s account with the IRS. These include:

  • Your business is no longer operating
  • You need to transfer the EIN to another business
  • You’re no longer the owner of the business

If you need to transfer your EIN to another business, you will need to contact the IRS directly.

Conclusion

To answer the question “Can you cancel an EIN number?” – unfortunately, no. But you can close the business account associated with the EIN. To do this, you need to send the IRS a letter that includes the complete legal name of the business, the EIN, the name, title and signature of the individual sending the letter, and the reason for closing the business account.

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What is the process for canceling my business’ EIN?

Your EIN cannot be cancelled, but you can close your account with the IRS by sending a letter with the relevant information about your business.

What is the best way to compose a letter to the IRS to request the cancellation of my EIN?

A letter must be submitted to the Internal Revenue Service in Cincinnati, OH 45999 in order to end a business account. The communication should explain why the account is being shut down and must include the federal ID number, the full legal name of the company, and the business address.

What is the duration of time required for the IRS to finish the process of closing an EIN?

The IRS will send out a letter verifying the new data within 45 days or before February 13, 2023.

Is it possible for my Employer Identification Number to be deactivated?

An EIN does not have an expiration date; however, certain circumstances may necessitate obtaining a new one.