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This video discusses the procedures for canceling an EIN with the IRS. An EIN is an employer identification number assigned to businesses, trusts, estates, joint ventures, and charitable organizations. Once assigned, an EIN remains attached to the entity or business name and is never reused or recycled. Therefore, it cannot be canceled. The only ways to effectively "cancel" an EIN are through a business closure or by applying for a new EIN. The term "cancel" is not accurate in this context.