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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 an EIN is issued, it remains attached to the entity and is never reused or recycled. Therefore, it cannot be canceled. The only way to "cancel" an EIN is to close the business entity or submit a written request to the IRS to close the account.
