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This video discusses the process of cancelling 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 assigned, an EIN remains attached to the entity and is never reused or recycled. Therefore, it cannot be cancelled in the traditional sense. The only way to effectively "cancel" an EIN is to close the business entity or transfer it to a new owner.