What is an ITIN?
An ITIN(Individual Taxpayer Identification Number) is a tax processing number, issued by the Internal Revenue Service, for certain resident and nonresident aliens, their spouses, and their dependent. An ITIN is only available to individuals who are required to have a taxpayer identification for tax purposes, but who do not have, and are not eligible to obtain, a Social Security Number (SSN) from the Social Security Administration (SSA). Only individuals who are required to file a U.S. federal income return, or who file a tax return to claim a refund of over-withheld tax are eligible to receive an ITIN.
How does a taxpayer apply for an ITIN?
A taxpayer who needs an ITIN must complete Form W-7 (Application for IRS Individual Taxpayer Identification Number) and submit it to the Internal Revenue Service along with a valid U.S. federal income tax return (unless an exception to the tax return filing requirement is met or the taxpayer is renewing an existing ITIN). Supporting documentation to substantiate the individual’s identity and foreign status must also be attached.
Is there professional help available to taxpayers who need to obtain or renew an ITIN?
Yes, an applicant may utilize the services of an Acceptance Agent or Certifying Acceptance Agent to assist in the process of obtaining or renewing an ITIN. World Tax is a Certifying Acceptance Agent and we’d happy to assist you in obtaining ITIN’s. We can also verify original documentation (i.e. passports) and submit a certification to the IRS with a copy of the actual documents.
Can I e-file a tax return with an ITIN?
Yes, however, you can only e-file a tax return using an ITIN in the calendar year following the year in which you receive it. For example, if you apply for and receive an ITIN this year, you may not e-file a tax return using that ITIN, until next year. Note: Taxpayer renewing their ITINs should wait until they receive notification from the IRS that the ITIN has been renewed before submitting tax returns by paper, or by e-filing.