itin

An Particular person Taxpayer Identification Quantity (ITIN) is a tax processing quantity issued by the Inner Income Service (IRS) to people who usually are not eligible for a Social Safety quantity (SSN) however who’re required to file a U.S. tax return.

ITINs are vital as a result of they permit international nationals and different non-U.S. residents to file their taxes and obtain tax refunds. In addition they permit them to open financial institution accounts, apply for driver’s licenses, and entry different authorities providers.

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What’s an ITIN quantity? An “Particular person Taxpayer Identification Quantity” (ITIN) is a tax processing quantity issued by the Inside Income Service (IRS) to people who will not be eligible for a Social Safety quantity (SSN) however who’re required to file a U.S. tax return.

ITINs are necessary as a result of they permit non-U.S. residents and resident aliens to satisfy their U.S. tax obligations. They will profit people in conditions corresponding to being married to a U.S. citizen or inexperienced card holder, having a baby who’s a U.S. citizen, or proudly owning a enterprise within the U.S. Traditionally, the Unlawful Immigration Reform and Immigrant Accountability Act (IIRIRA) of 1996 mandated the creation of ITINs to facilitate tax compliance for undocumented immigrants.

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