HR Glossary
CP 575 Letter

CP 575 Letter

Updated on:
August 22, 2022


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Table of Content

What Is a CP 575 Letter?

The CP 575 EIN Confirmation Letter is a form that businesses use to notify the IRS that a new company has been formed. The letter is sent after the IRS has assigned the company an Employer Identification Number (EIN). This letter is used by the employer to certify that a new company has been formed.

The form includes the company’s name, address, SSN, SSN, EIN, and Employer Identification Number. The employer’s signature is also required. This letter is used to apply for an employer ID number from the IRS.

What Is a CP 575 Letter Used For?

The EIN provided in a CP 575 letter is required for such things as filing your company’s taxes, opening a business bank account, and applying for a business credit card, loan, or payroll processing. In many of these cases, all you need to provide is the number itself—but some organizations insist on seeing an original government document that proves the number is yours. That’s when your CP 575 letter is essential.

If you've recently applied for an Employer Identification Number (EIN) from the Internal Revenue Service (IRS), you may be wondering why you need to provide a CP 575 EIN Confirmation Letter. Here's a look at why this letter is necessary and what it contains.

An EIN is required for most business entities, including corporations, partnerships, and limited liability companies. This nine-digit number is used for tax purposes and is similar to a Social Security number for an individual.

The CP 575 EIN Confirmation Letter is sent by the IRS after an EIN has been assigned to a business. This letter serves as proof that the business entity exists and has been assigned an EIN.