TIN vs. EIN: What new business owners need to know before they accept their first payment
A TIN is any tax identification used for U.S. tax reporting, such as an SSN (social security number), ITIN (individual tax identification number), or EIN (employer identification number). An EIN is a specific type of TIN issued by the IRS (Internal Revenue Service) to identify a business and is often needed for banking, hiring, and payment setup.