ITIN Information For All Applicants

Apr 22, 2021 | ITIN | 0 comments

ITIN cannot be used for see below ITIN Application Process Points

What is in ITIN?

ITIN stands for Individual Tax Identification Number which is a U.S Tax Id for Foreign Nationals with US-based income, Similar tax ID examples [National Insurance Number in the United Kingdom, PAN Number in India, etc].
ITIN is normally used to file:

  • 1040NR tax return
  • On 1040 for the spouse of US Citizens/Residents,
  • For Tax treaty claims – Form 1042S.
  • For completion of Form W8BEN
  • FIRPTA Tax withholding reclaim.

For more information and list of who requires an ITIN?

ITIN APPLICATION PROCESS – INFORMATION FOR THE APPLICANT

  1. The ITIN cannot be used to claim the earned income tax credit under section 32 of the Internal Revenue Code, nor for non-tax purposes such as to obtain a U.S driver’s license.
  2. The possession of an ITIN does not change the applicant’s immigration status or entitle the applicant to legal employment in the United States.
  3. The ITIN does not take the place of SSN ( Social Security Number ) or qualify the applicant for Social Security Benefits in the U.S.
  4. The applicant who may be eligible (applicable to U.S resident/ U.S Citizens) for an SSN presently or in the future must apply for one from the Social Security Administration (SSA). If they are assigned an SSN, then the ITIN issued will be revoked and can no longer be used.
  5. If the ITIN number on approval is not used on a tax return or any tax forms submitted to IRS for 3 consecutive years then the ITIN will expire by the end of 3rd year and you will have to do the renewal process. Who needs to renew the ITIN?

Our team specializes in international expatriate U.S. personal tax return service. If you need assistance with ITIN Renewal/US 1040 filing for refund claim/FATCA Compliance work/FBAR FINCEN114 Filing, ITIN/ Form W7 Application/E.I.N./Form W8BENE or Certified Acceptance Agents [C.A.A.] services/1040NR U.S. tax filing for refund claim of excess 1042S / 8288A/ 8805/ W2/ 1099. We are happy to assist our clients in a timely, efficient, and cost-effective way.

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