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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 in the traditional sense. The only ways to effectively "cancel" an EIN are through certain specific procedures, although it is not technically closed.