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Federal Tax ID Number is used to identify a business entity. When you start a new company, you may receive requests for your Tax Identification Number from business contacts. It is often a legitimate request, especially when the request comes from vendors or customers who need to keep proper financial records on the companies they do business with. But you may have reservations about giving out this very personal information. Prepare yourself for this scenario by learning the various options and issues involved.

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Q: How do you know what businesses are safe to give our federal tax ID number to?
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