What is an ITIN?
The Internal Revenue Service uses ITIN or Individual Taxpayer Identification Number for tax processing. ITIN is issued to those individuals who work and earn income in the U.S. but are not eligible to obtain social security number.
Key Takeaways
How to apply for an ITIN?
If you wish to apply for an ITIN, you must submit the duly filled W-7 form along with a tax return. Once approved, you will receive the ITIN through the mail. The Internal Revenue Service has issued a list of 13 documents that can be produced to verify the applicant’s identity and foreign status. You must submit original documents to complete the process. IRS will return the documents within 60 days of processing the W-7 form and receipt.
How can TaxAccountPro help you with the ITIN application?
You should apply for an ITIN tax ID if you wish to work and earn money in the U.S. It offers benefits other than ease of filing tax returns. If you have an ITIN, you will be eligible to open an interest-bearing account in the U.S. Some states allow individuals to receive state identification cards like driver’s permits or other licenses through ITIN. If you are an immigrant, you can prove your residency by showing the tax return filed using an ITIN. However, an expired ITIN can slow down the tax refund process and render you ineligible for tax credits. At, TaxAccountPro, we help people apply for ITIN and guide them through the process of ITIN renewal.
Why do you need TaxAccountPro Services?
Time Benefit – Allows to plan round-the-clock operations.
Cost-Benefit – Lower cost of operations by 40%.
Staff Benefit – Right Level staff for different requirements.
Business Benefit – Save on Infrastructure and Technology for outsourced staff.
If you need a fast, accurate tax professional to prepare your tax return this year give us a call today at +1 (315) 644-2677