MARSHFIELD -- Business coach Bernhard C. Heine, president of Professional Business Coaches Inc., believes heâs living his dream job.
Difference Between EIN and TIN. TIN, or Tax Identification Number, is a nine digit number issued to companies for tax purposes, and this number represents the status of the company with the internal revenue services. This number is given to a company to make the issue of creating and taking care of the business at hand more effective and efficient.
FAQ / Is an employer ID number the same as a federal tax ID number? Yes, an employer identification number, or EIN, is also known as a taxpayer identification number, or TIN. A sole proprietorship that has no employees and files no excise or pension tax returns is the only business that does not need an employer identification number. In this instance, the sole proprietor uses his or her social security number as the taxpayer identification number.