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In this video tutorial, the speaker discusses the process of canceling an EIN with the IRS. An EIN, or Employer Identification Number, 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, it cannot be canceled in the traditional sense. The only way to effectively "cancel" an EIN is to close the business entity or entity associated with it.
