Guide for Individual Taxpayer Identification Number ITIN Holders

Any applicant who meets an exception to the requirement to file a tax return must provide documentation to support the exception (see the instructions for Form W-7). Certain offices can verify passports and national identification cards and return them immediately. A list of these in-person Document Review Taxpayer Assistance Centers is available on IRS.gov.

  • One of the main differences between an ITIN and an SSN is that a Social Security number follows you from the cradle to the grave.
  • It can also be used to obtain a driver’s licence or permit, indicate proof of residency in the US, and apply for Child Tax Credit.
  • However, if you meet one of the IRS Exceptions, then you can apply for the ITIN at any time and you do not have to include a U.S. tax return with your ITIN application.
  • In other words, because you’ll be required to file returns and tax payments, you’ll be able to receive an ITIN even if you’re a qualifying non-resident or a resident alien (meaning, if you have a green card).
  • Although the word “Employer” is in the name, you don’t have to have employees in order to obtain and use this number.
  • Getting a certified copy of your passport is a lot better than sending in your original and having to wait multiple weeks before you get it back.

Do not mail your ITIN Application to the address listed in the Form 1040, Form 1040A, or Form 1040EZ instructions. If the address in #3 will be the same as a foreign address you listed in #2, then enter “SAME” on both lines in #3. What the U.S. government is trying to do here is prevent people from gaining certain immigration and employment rights simply by forming an LLC in the U.S.

If you are not a U.S. citizen and do not have a Social Security number, learn how to get and use an Individual Taxpayer Identification Number (ITIN) to file a federal tax return. Applicants who meet one of the exceptions to the requirement to file a tax return (see the Instructions for Form W-7) must provide documentation to support the exception. Acceptance Agents are entities (colleges, financial institutions, accounting firms, etc.) who are authorized by the IRS to assist applicants in obtaining ITINs. They review the applicant’s documentation and forward the completed Form W-7 to IRS for processing. An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. It is also used by estates and trusts which have income which is required to be reported on Form 1041, U.S.

How to Get an ITIN Number: An Easy Step-by-Step Guide

A taxpayer whose ITIN has been deactivated and needs to file a U.S. return can reapply using Form W-7, Application for IRS Individual Taxpayer Identification Number. Bankrate follows a strict
editorial policy, so you can trust that our content is honest and accurate. The content created by our editorial staff is objective, factual, and not personal accountant influenced by our advertisers. If you sent an application to renew your ITIN, the IRS may send you a letter asking you to fix an error, or they may reject your application. The IRS sent out renewal letters called the CP-48 notice to people with expiring ITINs, so if your ITIN is expiring, you should have already received this notice.

To apply for an ITIN, complete IRS Form W-7, IRS Application for Individual Taxpayer Identification Number. Form W-7 requires documentation substantiating foreign/alien status and true identity for each individual. A current passport would meet all these requirements and is the only document you can submit on its own. ITIN holders must verify their identity through the video chat process and will need a valid email address, proof of ITIN, one primary document and one secondary document. You will only file a tax return to the address above once, when you file Form W-7 to get an ITIN.

If you’re a qualifying non-resident or a resident alien (green card holder), you, your spouse, and your dependents can receive an ITIN. Bank products and services are offered by Pathward, N.A.
All deposit accounts through Pathward are FDIC insured. After you apply for an ITIN and qualify for an ITIN, you could receive a letter from the IRS assigning your tax identification number in as early as seven weeks. However, the speed in which it takes to get an ITIN depends on the volume of inquiries the IRS receives — it can take nine to eleven weeks during busy times. You can fill out an application form for an ITIN for you, your spouse, and your dependents when you prepare your tax return with us.

Foreign credit doesn’t transfer to the United States, so you’ll need to start building credit from scratch. They’re easy to qualify for even if you have no credit history, because they require a deposit to secure the line of credit. There are also some credit cards offered specifically to recent immigrants, and they don’t require a Social Security number. You should know that applying for any credit card will cause a slight dip in your credit score.

Documents with W-7 for ITIN

Anyone who needs to file a U.S. tax return can get an ITIN, regardless of their U.S. immigration status. To prevent delays, make sure you’ve provided the correct information and sent all the required supporting documentation. Incomplete or incorrect applications may take longer to process. The IRS requires anyone who prepares or assists in preparing federal tax returns for compensation to have a PTIN.

What is an ITIN number and how to apply for one?

Although, of course, if you have any more questions, we’d recommend you visit the official IRS site, the US governing body which handles ITINs. IRS.gov has a wealth of useful information about the process for non-residents. They also have special resources for international students, military members, and others. Anyone who earns income from the U.S. is required to get a tax ID number, since they’re obligated to pay taxes on what they earn. We believe everyone should be able to make financial decisions with confidence. Get a refund of income tax withholding from the IRS, if you qualify.

We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate.

How to apply for a credit card with an ITIN number

This allows you to avoid mailing your original documents, or certified copies, to the IRS. Beginning January 1, 2011, if you are a paid tax preparer you must use a valid Preparer Tax Identification Number (PTIN) on returns you prepare. If you do not have a PTIN, you must get one by using the new IRS sign-up system. Even if you have a PTIN but you received it prior to September 28, 2010, you must apply for a new or renewed PTIN by using the new system. If all your authentication information matches, you may be issued the same number. You must have a PTIN if you, for compensation, prepare all or substantially all of any federal tax return or claim for refund.

An ITIN stands for Individual Taxpayer Identification Number. This number is used by people who are not eligible for an SSN and have a U.S. tax filing or informational reporting requirement. Most American Banks demand ways of confirming your name, date of birth, address, and ID number in order to open an account. However, customers with no SSN number are eligible to use their ITIN number in the bank fillings.

An ITIN is ONLY for U.S. taxes

If you don’t certify your passport, you’ll need to send the IRS your original passport. That can be especially stressful if you need to travel soon or you’re currently traveling in the U.S. Instead, when hiring an accountant, they can certify your passport for you and send that in along with your ITIN Application (instead of using your original passport). We recommend making a copy of your Form W-7 (along with all supporting documentation) before submitting your paperwork to the IRS.

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