What is And EIN: An EIN is issued by the IRS to identify businesses, nonprofits, and trusts primarily for tax purposes. It is a nine-digit number in the format 00-0000000. When an IRS form asks for a Taxpayer Identification Number (TIN), most businesses will enter their EIN, while individuals generally enter their Social Security Number. Taxi drivers don’t have to give their Social Security Number because they are self employed or independent contractors. For your protection you should use your EIN.
Furthermore, the IRS requires you to issue a 1099-MISC if you paid $600 or more to an individual or business for rent, services, royalties, or other various fees during the tax year. Request your company’s EIN so you can report lease fees and any other payments you made to them.