The Internal Revenue Service has an online wizard that allows people to apply for and receive an employer identification number (EIN) for a company in a 5 – 10 minute data entry session. Companies need an EIN to open a bank account and file federal tax returns. See our EIN online wizard video that shows how to complete the online application.
Usually the online EIN wizard works great and people can quickly get an EIN for a newly formed company. Unfortunately the online wizard sometimes rejects an EIN application because of “Reference Number 101,” which usually means the company’s name
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