Did you close your business years ago and wonder what happened to your EIN? Perhaps you have a company that never truly got started and you’re curious if your tax ID number will still exist if you ever come back to it. Whatever the case is, here’s all the information you need to know about old EIN numbers.
They Never Go Away
The IRS doesn’t get rid of or cancel old EINs. Once you get a Virginia EIN assigned to your business entity, it becomes the permanent taxpayer identification number for your company. This is true even if you never use the EIN to file a tax return. The EIN is permanently connected to your business entity. If you ever want to open up your business again, you can sue the same tax ID number.
Closing Your Business Account
Not all businesses work out as planned. If you have an EIN but determine you don’t need it anymore, you can request that the IRS closes your business account. In order to close your account, you’ll need to send the IRS the following information:
● The legal name of your business entity.
● Your business’s address.
● An explanation about why you want to close your account.
● A copy of your EIN assignment notice.
Send all of this information in a letter addressed to the IRS in Cincinnati, Ohio 45999. You must pay any taxes that are due before the IRS is able to close your account.
Easy EIN Assistance
Dealing with EINs, business formation, and closing a business account can be confusing and frustrating. Corresponding with the IRS may be the last thing you want to do. If you have any more questions about your old EIN or you need to apply for a new one, you can contact the experts at IRS-EIN-Tax-ID.com. Their support team will guide you through the process step by step.