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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 an EIN is issued, it remains attached to that entity or business name and is never reused or recycled. Therefore, EINs cannot be canceled, but they can be closed in one of two ways. The term "cancel" is not the best way to describe this process.