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This video discusses the procedures for canceling an EIN with the IRS. An EIN is an Employer Identification Number, which serves as a tax ID for businesses, trusts, estates, joint ventures, and charitable organizations. Once assigned, an EIN remains attached to the entity and is not recycled. Therefore, it cannot be canceled in the traditional sense. The only way to "cancel" an EIN is to close the business entity or request a new EIN.