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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 a business entity, trust, estate, joint venture, or charitable organization. Once assigned, an EIN remains attached to the entity and is never reused or recycled. Therefore, it cannot be canceled in the traditional sense. The only way to effectively "cancel" an EIN is by closing the business or entity associated with it.