Taxpayer Identification Number

A Taxpayer Identification Number (TIN) is a unique identifier assigned by the government to individuals and entities for tax purposes. It helps the tax authorities track and record income, payments, and tax obligations. Common types include Social Security Numbers (SSN) for individuals and Employer Identification Numbers (EIN) for businesses. Having a TIN is essential for filing tax returns, claiming refunds, and complying with tax laws. It ensures that each taxpayer's financial activities are properly identified and accounted for within the tax system.