much like a social security number an employer identification number ein is a federal nine digit number that identifies a business entity the internal revenue service irs issues eins and requires their use on all tax filings during the entire life of a business
Game used items such as the ball in which Mark McGwire hit his 70th home run of the 1998 season sold for $3 million. The most expensive piece of sports memorabilia ever sold at auction was a New York Yankees baseball jersey that was worn by Babe Ruth during the 1920 season.
Unfortunately, whether youâre a beginner or a veteran collector, sports memorabilia fraud is something that should always be in the back of your mind. It is estimated that a staggering $500,000,000 is lost annually due to fraudulent sports collectibles.