What is a tax ID number?

Bob Maloney, MSFS, AEP, MSFS, AEP

@napfabob 03/30/16 This answer was first published on 03/30/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The tax ID number is issued in addition to an individual's Social Security number and is most typically used to identify a business, a trust, an estate or some other entity that is intended to file separate tax returns other than in their own name. As an example, a partnership, and LLC with more than one member and corporations are required to have a separate tax ID number for filing purposes. A new estate and/or a trust coming from the estate or an irrevocable trust established during life may also require the issuance of a separate tax ID number. Hope this helps and good luck

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