What Is The Difference Between A Employer Tax ID And A Federal Tax ID??

Question

If I have an employer tax ID, do I still need to apply for a federal tax ID??

Answer 1

No difference. They are one in the same, just some forms/ppl leave off the "F". But still the same.

I work with this information all day, 5 days a week!

Answer 2

Actually, these can be one and the same. Also, just because an entity has an Employer Tax ID (Employer Identification Number, or EIN), doesn't necessarily mean that they have any employees. A Social Security Number can be one form of Federal Tax ID, but probably not eligible to use a SSN as an Employer Identification Number.

Answer 3

Very simple. The Employer Tax ID is basically the tax ID # of your current employer. A federal tax ID is the ID # that is assigned to every tax paying individual, entity, etc.

So, the federal tax ID # of your employer is their employer tax ID # !

Oh, and the reason this is noted on your w-2 or any other related tax form that you receive from your employer is that when you file your tax return, the IRS matches the amounts you reported on your individual tax return to the amount reported by your employer, and this is done so by way of the Employer tax ID number !