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This video discusses the procedures for canceling an employer identification number (EIN) with the IRS. An EIN is a tax ID 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 in the traditional sense. The only ways to effectively "cancel" an EIN are to close the business entity or request a new EIN if necessary.