Are you wondering how to close your EIN number account? As an expert business broker, this article will provide you with a comprehensive explanation on how to do it.

How to Close EIN Number?

Closing your EIN number account with the Internal Revenue Service (IRS) requires you to send a letter to the IRS office with the following information:

  • The complete legal name of the business
  • The federal identification number
  • State the reason you wish to close your account
  • If you have a copy of the EIN Assignment Notice, include it

The letter should be sent to: Internal Revenue Service, and faxed to (855) 214-7520. It is not possible to cancel your EIN, but you can close your account with the IRS.

Conclusion

Closing your EIN number account with the IRS can be done by sending a letter with the required information. You must include the complete legal name of the business, the federal identification number, the reason for closing the account, and if you have a copy of the EIN Assignment Notice, include it. Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

Is it possible to deactivate an EIN number?

I would like to close my account and would like to include a copy of the EIN Assignment Notice issued when my EIN was assigned, the complete legal name of the entity, the EIN, and the mailing address for the purpose of closing the account.

What is the duration of the process for the IRS to terminate an EIN?

The IRS will send a notice confirming the updated information has been received within 45 days or quicker by February 13, 2023.

What are the consequences of not closing your EIN?

An EIN can never be reused or changed, and it cannot be cancelled or shut down. Even if a business is winding up, the EIN will always be attached to it and the IRS can always access the tax documents associated with it.

What is the process for canceling my EIN?

The IRS won’t be able to cancel your EIN, but they will be able to close your account.