In this article, we will discuss how to determine the correct Legal Name and Tax Identification Number to enter during Sign Up for PakEnergy Exchange.
Please make sure the Legal Name entered during Sign Up is the Legal Name as it relates to the IRS issued Tax Identification Number (TIN).
A Tax Identification Number (TIN) is assigned by the Internal Revenue Service and reflected on such IRS Form(s) as 1099 and W-2. The TIN should also be the number provided to the inviting party.
As a Business, the Legal Name will generally be the Legal Business Name associated with the Employer Identification Number (EIN) assigned by the IRS on Form SS-4 and provided to the inviting party.
As an Individual, the Legal Name will be the Full Name of the person associated with the Social Security Number (SSN) assigned by the IRS on Social Security Card and provided to the inviting party.
Link to IRS gov website for EIN FAQs: https://www.irs.gov/businesses/small-businesses-self-employed/online-ein-frequently-asked-questions