aerotek

A Federal Employer Identification Number (FEIN) is a unique nine-digit code assigned by the Internal Revenue Service (IRS) to business entities operating within the United States. This identifier is used for tax purposes, similar to a Social Security Number for individuals. Companies like Aerotek, when engaging with government contracts or federal employment activities, must utilize their assigned FEIN. For instance, when submitting tax filings or processing payroll for employees working on federal projects, this number is essential for accurate identification and record-keeping.

This unique identifier plays a crucial role in ensuring compliance with tax regulations and facilitating financial transparency within government dealings. It enables the IRS to effectively track payments, withholdings, and other financial transactions related to federal contracts and employment. Historically, the implementation of such identification systems has streamlined government operations and strengthened accountability within the public and private sectors. Proper utilization of the FEIN helps maintain a clear audit trail and contributes to the overall integrity of federal contracting processes.

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A company’s unique tax identification number, assigned by the Internal Revenue Service (IRS), is essential for various reporting and compliance procedures. This number allows the IRS to track an organization’s financial activities and ensure proper tax payments. For example, it’s required for filing annual tax returns, processing payroll, and applying for certain business licenses.

Maintaining accurate and readily accessible tax identification information is crucial for businesses of all sizes. This information ensures smooth operations concerning payroll, tax filings, and interactions with government agencies. Historical context reveals the evolution of tax identification systems, highlighting the increasing need for streamlined processes in an increasingly complex regulatory landscape. Properly managing this identifier helps avoid penalties and facilitates efficient financial administration.

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