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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 the entity name and is never reused or recycled. Therefore, it cannot be canceled. The only way to effectively "cancel" an EIN is to close or terminate the business entity associated with it.