Difference Between Tax ID Number and EIN | IncParadise
It is quite common for businesses or startups to wonder if there are any tax id numbers and EIN differences as TIN and EIN are both assigned for tax purposes. Just like people are identifiable using different forms of ID like Social Security number (SSN) or driver’s license numbers; similarly, Tax IDs and EIN’s are used for identification of business entities.
When it comes to Tax ID number and EIN difference then what stands out is the fact that the tax ID number TIN is an umbrella term that comprises several different types of taxpayer identification numbers and this includes EIN. So, EIN is basically a type of TIN that is specifically assigned to businesses while the Social Security Number (SSN) and Individual Taxpayer Identification Number (ITIN) are also different types of TIN that are assigned to individuals.
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