An ITIN number is necessary for those individuals who have the requirements of paying federal income taxes, yet do have a social security number. Such an instance might come up in a number of situations such as:
- A US resident who has to file income tax returns, yet is not eligible for a social security number
- A person who might be a spouse or a dependent of a US resident
- A person who might be a spouse or a dependent of a non resident visa holder
- A person who is a non resident, yet fulfills the requirement of filing income tax returns
An individual cannot apply for an ITIN number if they have a social security number. Also, an ITIN number cannot be used for identity related purposes and it cannot help you secure a job within the country.
Benefits Gained When You Apply For ITIN Number
With the help of an ITIN number, individuals who do not have a social security number, yet are required by the United States law to pay their federal income taxes, can file their tax returns successfully. They will also not suffer from any interest charges or penalties that are charged when a person does not file their taxes until after the due date. Though ITIN numbers cannot be used for any other purpose, they are a requirement when it comes to filing your taxes. This means that you will not be able to carry out your taxes related transactions without this number.
How To Apply For an ITIN Number
There is a specific application which you have to fill out accurately in order to apply for your ITIN number. Along with this application form, you are also required to attach documents that indicate your foreign status or identity, and other supporting documents asked for by the Internal Revenue Service (IRS). Once this is done, you can submit all this documentation to the IRS for further processing. They should ideally get back to you in four to six weeks after you have submitted your application. However, if they do not get back to you even after that duration, then you may call them up directly and ask for the status of your application.
In case you find any trouble with the application process, you may hire a certified acceptance agent to help you out. These are official entities who will stick by you through the entire process and submit your application on your behalf.
Are you required by US law to apply for ITIN number, but are still confused on how to about the process? Why not give us a call? We would be more than happy to help you out and answer any of the questions that you might have. It is always better to speak to a professional on important matters before starting anything. This helps to give you a clearer idea on how best to go about a process.
If you want to apply for an, Individual Taxpayer Identification Number, or ITIN tax number and have any other questions, please feel free to contact us at 888-509-3616. If you have any suggestions please share those with us as well. Freedomtax ITIN Number has a professional team of IRS Certifying Acceptance Agents, and tax accounting professionals with more than 16 years of experience, helping immigrants with their ITIN application. Freedomtax can also help immigrant entrepreneurs incorporate a business in the USA. Freedomtax ITIN Tax Number Online services provides Quality, Professional Service with a Family Feel.