Individual Taxpayer Identification Number

Tag Archive for Individual Taxpayer Identification Number

12 Apr 2018

Written by Daniel Gray | Posted in IRS • ITIN

Individual Taxpayer Identification Number (ITIN) Reasons And Qualification

Daniel Gray, Tax Blog, Tax Advisor, Toronoto, Canada, TaxConnections

You have to meet the return filing reason , or one of the exception-to-return-filing reasons. One cannot just arbitrarily apply for an ITIN as you must include documentation proving that you need one and that your reason aligns with IRS qualification requirements to receive one. The IRS sets out a finite prescribed list of qualification requirements – all split into two groups – IRS-return-filers OR exceptions. One reason that can be used for many applicants when they can’t qualify under other reasons, is owning many but not all types of USA bank accounts (so long as the US bank provides you with the required ITIN letter). Read more

No comments | Tags: Canada, Daniel Gray, Foreign Partnership, Individual Taxpayer Identification Number, IRS, ITIN, Resident Aliens, Tax Advisor, Tax Blog, TaxConnections, Toronoto

11 Aug 2017

Written by Hugo Lesser | Posted in ITIN

Getting An ITIN Abroad – What American Expats Need To Know

ITIN, Individual Taxpayer Identification Number, is a 9 digit number that is issued by the IRS that allows individuals who are not eligible for or who don’t have a social security number to file a U.S. tax return. Before such individuals can file their U.S. tax return though, they need to apply for an ITIN.

It’s important to note though that ITINs don’t qualify their holders to work in the U.S. or claim U.S. Social Security benefits; they are simply used to file U.S. taxes. Read more

2 comments | Tags: American Expats, Individual Taxpayer Identification Number, international, Tax Filing, W-7

10 Jul 2014

Written by Virginia La Torre Jeker, J.D. | Posted in Individual • IRS

IRS Announces New Policy For Individual Taxpayer Identification Numbers / ITINs

What is an ITIN and What is it Used For?

An ITIN is a nine-digit tax processing number issued by the IRS for federal tax reporting only. The ITIN is not intended to serve any other purpose. The ITIN does not authorize one to work in the US and it cannot be used as an identification number or for any purpose outside the US tax system.

Who Needs an ITIN?

The IRS issues ITINs to individuals who are required to have a US taxpayer identification number but who are not eligible to obtain a Social Security Number (SSN). If an individual is eligible to obtain a SSN, he should NOT be applying for an ITIN. ITINs are issued to Read more

One comment | Tags: ask tax questions, Find A Tax Advisor, find a tax professional, Find Chartered Tax Accountant, Find Tax Advisor, Find Tax CPA, Find Tax Lawyer, Find Tax Preparer, Find Tax Pro, find tax professional, Individual Taxpayer Identification Number, IRS, ITIN, Social Security Number, SSN, Tax Blog, TaxConnections, TaxConnections Blog

09 Jul 2014

Written by Manasa Nadig | Posted in Individual • IRS

New Rules On ITINs: What Does This Means For You?

For a quick refresher on what ITINs are: Individual Taxpayer Identification Numbers aka ITINs are tax processing numbers issued by the Internal Revenue Service. It is a nine digit number that always begins with the number 9 and has a range of 70-88 in the fourth digit, example 9XX-7X-XXXX. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).

ITINs are issued regardless of immigration status because both resident and nonresident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code. Read more

One comment | Tags: ask tax questions, Find A Tax Advisor, find a tax professional, Find Chartered Tax Accountant, Find Tax Advisor, Find Tax CPA, Find Tax Lawyer, Find Tax Preparer, Find Tax Pro, find tax professional, Individual Taxpayer Identification Number, IRS, ITINs, Social Security Number, SSN, Tax Blog, TaxConnections, TaxConnections Blog

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