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This video discusses the process of 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 assigned, it remains attached to the entity or business name and is never reused. Therefore, it cannot be canceled in the traditional sense. The only way to effectively cancel an EIN is to close the business entity associated with it.
