You may have heard of performing EIN lookup tasks, but what is a reverse EIN lookup? A Reverse EIN lookup is conducted when you already have access to a company’s Employer Identification Number but need additional information about the company.
If you require information that verifies things like the company name, address, or contact details, then a reverse EIN lookup is the correct process to follow.
Why you need a reverse EIN lookup
Performing a reverse EIN lookup may be necessary for several reasons. This is mostly a necessary process if you need to verify important company information. They are usually conducted to verify a company name, which may be necessary for the following reasons:
Verifying legal information
Every company is registered under a legal name and government entity. For legal purposes, it’s vital that each EIN has a legal and valid company name associated with it. In a standard EIN lookup, you can search for the company name to get a hold of the related EIN. However, conducting a reverse EIN lookup is useful in ensuring that the company you’re seeking information for is properly registered with the IRS.
Finding possible partners for business
If you are planning on expanding your business or in the process of making a business deal, then a reverse EIN lookup may be necessary. It allows you to define certain levels of credibility with prospective partners. When doing business with other entities you want to be sure that the information they provide you is factual and accurate, so conducting due diligence in this regard is necessary and possible through doing a reverse EIN lookup.
Fraud Prevention
Paying suppliers is an essential part of any organization’s financial operations, and a circle aspect of this is ensuring that the person or business you are paying is legitimate. By using the EIN on the invoice provided and conducting a reverse EIN lookup, you can double-check that all the information is factual and consistent. It’s in this way that you can prevent any fraudsters from trying to take money off you.
An EIN can help you detect any inconsistencies within their financial and tax reporting, giving you a better idea of who you are paying and the nature of their company. Organizations with more consistent and accurate information are less likely to be fraudsters than those who show errors or red flags in their declarations.
How to perform a reverse EIN lookup
If you have a company’s EIN and wish to conduct a reverse EIN lookup, there are several ways you can go about doing so. If you’re looking for information urgently, then using the services provided by EINsearch.com is the best way forward.
Using EINsearch.com
The quickest and easiest way to do this is by using a third-party organization like EINsearch.com. We have an online public database with access to a large number of organizations’ information across the U.S. The process is streamlined, efficient, & boasts a dedicated support team should you need assistance. It will also save you time and resources as the platform is able to provide you with the information you need in an expeditious manner.
Contacting the IRS directly
If you have authorization to contact the Internal Revenue Service (IRS) on behalf of your organization.
To speak to someone at the IRS, you can call the Business & Specialty Tax Line at 800-829-4933. The line is open from Monday to Friday between 7am and 7pm. You just need to be prepared to wait for a while on the phone as this department often experiences high call volumes. It’s for this reason that many people prefer using a third-party lookup company or public databases they can search themselves.
Conclusion
A reverse EIN lookup is a valuable tool for anyone seeking to verify or gather additional information about a company for various reasons. Whether you are ensuring legal compliance, evaluating tax credibility, exploring potential business partnerships, or safeguarding against fraud, having access to a company’s Employer Identification Number (EIN) opens avenues to crucial details such as legal names, addresses, and contact information.
Moreover, when considering partnerships or deals, conducting a reverse EIN lookup allows for due diligence. If you are looking for the most efficient way to verify an organization’s information by using their EIN, get in touch with the team at EINsearch.com and a member of our friendly team will happily point you in the right direction.