Why is an EIN Required?

Why is an EIN Required?

by | Mar 26, 2020 | EIN

If you run a business, trust or administer an estate, It is legally required for you to have a Federal tax identification number which is commonly known as Employer Identification Number or EIN for short.  Why you need an EIN? You will be required to have an EIN...
Who Qualifies for an ITIN?

Who Qualifies for an ITIN?

by | Mar 3, 2020 | ITIN

Individual Tax Identification Number, or ITIN is a US taxpayer identification number issued by the Internal Revenue Service (IRS), which allows the taxpayers without a Social Security Number (SSN) to file income tax returns. This tax processing number is only...
How Long are ITIN Good for?

How Long are ITIN Good for?

by | Feb 27, 2020 | ITIN

Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for any year during a period of five consecutive years. Your ITIN will not be deactivated if it has been used on at least one tax return in the past five years....
Why was my ITIN rejected?

Why was my ITIN rejected?

by | Feb 12, 2020 | ITIN

What is ITIN Application rejection? Your application for an Individual Taxpayer Identification Number (ITIN) will be rejected because you are not eligible for an ITIN. Please see if you fall into the below mentioned category for your application rejection: Invalid...
Are ITIN and EIN the Same?

Are ITIN and EIN the Same?

by | Jan 20, 2020 | ITIN

The Internal Revenue Service (IRS) uses a Taxpayer Identification Number (TIN), nine-digit number to track all information related to tax returns filed with them. It is issued either by the Social Security Administration (SSA) or by the IRS. A Social Security...