Which Tax ID Do You Need?
Employer Identification Number
- Employer Identification Number (EIN) is a business tax ID used to start a business and open a U.S. business bank account. EIN is necessary for starting a business in the U.S.
Individual Tax Identification Number
- Individual Tax Identification Number (ITIN) is a tax ID only for non-U.S. citizens who do not have an SSN to file tax return, open U.S. bank account, apply for credit more and more.