ITIN (Individual Taxpayer Identification Number)
ITIN (Individual Taxpayer Identification Number) is essential for non-U.S. residents to fulfill U.S. tax obligations. Secure your ITIN easily with our expert assistance for accurate tax reporting and compliance.
What is an ITIN (Individual Taxpayer Identification Number), and How Does It Work?
Here’s how the ITIN works:
Individuals who are not eligible for a Social Security Number but have tax obligations in the United States, such as earning income or filing tax returns, may apply for an ITIN.
Applicants need to complete Form W-7, the Application for IRS Individual Taxpayer Identification Number. This form is submitted to the IRS along with required supporting documents, such as a federal tax return or other identification documents.
Once issued, the ITIN can be used for various tax-related purposes, including filing federal tax returns, claiming dependents, and complying with tax obligations. ITINs are not intended for any other purpose outside the realm of tax administration.
ITINs are issued for a specific period and may expire if not used on a federal tax return for three consecutive years. To avoid expiration, individuals must ensure they continue to have a filing requirement and use the ITIN on a tax return.
It’s important to note that an ITIN does not grant legal immigration status or work authorization in the United States. It is solely a tax processing number.
The IRS is committed to protecting the privacy of individuals with ITINs. The information provided during the application process is used solely for tax purposes and is not shared with immigration authorities.
