The ITIN number is also known as the Individual Tax Identification Number. This is a person’s number that acts as an identity of them. With this number, there are many people who are not a citizen of the U.S. but can file their returns now. ITIN number is also considered an alternative to the SSN number. With this, an individual can file a return, open a bank account, get a credit card, and do a lot of work for which the SSN number was a must.
This identification number is issued by the IRS(Internal Revenue Service). This is for individuals who want to file a tax return but due to some reasons need to be qualified for the SSN number. The ITIN number can be applied by both residents and non-residents. This number can be used for any rental purpose, bank account opening, financing a car, paying taxes, and many other places as an alternative to a social security number.
Internal Revenue Service issues a number to the individuals. This is a personal ID number of an individual that is also known as an Individual Tax Identification Number. This was initiated in the year 1996. There were many people in the U.S. who wanted to file their tax returns but they were not able to as these people needed SSN numbers. However, the ITIN number solves this problem, and after that, any person who was living in the U.S. but was not a citizen of the country can file a tax return with this unique number.
The candidate must have some of the essential documents with them for the application. This helps in the identity verification of the person. A person gets documents in the country that assist in identity proof after the completion of the process. The document can be used in financing a car, opening a bank account, or any other reason that requires an official and legal document as an identity in the country. The document also gets expired in some of the cases such as, if there is no filling in any of three consecutive years or the one that was issued in the year 2013 and has a serial number between 83 to 87 got expired in 2019.
There are some of the points that are necessary to be fulfilled to get qualified for the ITIN number. Let’s have a look:
The applicant who is has the status of an international student in the country.
The individuals that do not have legal status in the U.S.
A person who is not residing in the country but still receiving income from the U.S.
The candidates that are having a temporary status in the country.
The spouse/dependents who are in the U.S.
The applicant who has a US company but is not a resident of the country.
How to apply for an ITIN number Application?
An applicant can apply for the ITIN number application by following the simple mentioned steps. Let’s have a look:
The candidate who wants to apply has to fill out the application form with the ITIN number(W-7). There are certain instructions that should be followed so that there is accuracy.
The applicant has to add all the personal information such as name, date of birth, and a few more details.
The candidate also has to state a reason for which he/she is applying for the ITIN number. There are several numbers, choose any of the ones that are mentioned.
It is vital that the applicant must have original documents that assist to prove the identity of a person.
This is a necessary step as there are chances that a person might provide a wrong identity.
Finally, after all the verification of the documents and scrutinizing the W-7 form details, the applicant should send the form and the identity proof documents to the below-given address:
Internal Revenue Service Austin Service Center ITIN Operation P.O. Box 149342 Austin, TX 78714-9342
What are the application Requirements?
There are some application requirements that are vital for the application of ITIN application. So, scrutinize and ensure that the applicant has all of them before moving ahead:
The applicant should have a legal and valid identity number.
The person must have a form W-7.
The candidate should carry a current federal tax return.
The individual should have some documents that can assist in identity verification.
How to get ITIN numbers for the nonresidents?
A person who is not a resident of the country can also get an ITIN number by following these straightforward steps. So, let’s scrutinize:
A person has to first fill out the form of a W-7 who is not one of the residents of the country.
Moving ahead the applicant should have identity proof. It can be a passport or the candidate must have a minimum of two different documents so that it can confirm the status of a person.
After that, the applicant has to submit the form as well as the ID proof documents at the operation center of the IRS ITIN that is:
Internal Revenue Service Austin Service Center ITIN Operation P.O. Box 149342 Austin, TX 78714-9342
Benefits
There are many privileges that a person gets along with the ITIN number. Some of them are given below:
This lets the government of the country know that the person is obeying the federal tax laws.
This is a good step or a beginning for a person to become a citizen of a country as the applicant gets an identity in that nation.
The government comes to know that the applicant is contributing to the economy of the country by paying taxes.
FAQs
Why do you need an ITIN number?
There are many reasons why a person needs an ITIN number but the utmost reason is the reporting of the federal tax.
Why do ITIN numbers expire?
There are a few reasons why the ITIN number expires. These are listed below:
The first one is in case a person has not used his/her ITIN number in the last three consecutive numbers.
All the ITIN number that was issued prior to 2013, and has center digit that is 83, 84, 85, 86, or 87 were got expired in the year 2019.
What can I do with an ITIN number?
A person can use the ITIN number for opening a bank account. Moreover, it can also be used for tax filing, amazon, and other online accounts. Moreover, the applicant can also give this number to the employer to get the job.
Is it legal to work with an ITIN number?
The person can use the ITIN number for the purpose of tax filing but it does not act as a work authorization.
Is the ITIN number the same as SSN?
Both an ITIN number and an SSN number is a 6-digit numbers. However, a person cannot use it interchangeably as they both are different.
Do you have to pay for an ITIN number?
There are no such charges that a person has to pay for the ITIN number as it is free of cost and a person can also file for the same themself.
