
Make sure you understand how your business will pay tax, register for permits, Does everyone need a Federal Employer Identification Number (FEIN)?. Likewise, if you dissolve your business, the EIN will become inactive, closing your account with the IRS. There is no way to cancel or remove an EIN, as it is a. Quoting the IRS page that addresses this issue (Canceling an EIN - Closing the online application (Form SS4) for an Employer Identification Number (EIN).