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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 assigned, an EIN remains attached to the entity and is not reused or recycled. Therefore, it cannot be canceled in the traditional sense. The only way to "cancel" an EIN is to close the business or entity it is associated with.