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This video discusses the procedures for canceling an EIN (Employer Identification Number) 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 name and is never reused or recycled. Therefore, EINs cannot be canceled in the traditional sense, as they are permanent. The only ways to effectively "cancel" an EIN are through certain specific processes, as the EIN will not be closed or removed.
