ITIN Processing

What are the Situations under which a non-US Person Requires ITIN?

Well, this is one of the most commonly asked questions from our clients. So here are some important things about ITIN we feel you need to be aware of.

The acronym ITIN represents the Individual Taxpayer Identification Number. Unlike the Employee Identification Number (EIN), which is used for company tax filings, the ITIN is designated solely for individuals and serves as an equivalent to the SSN. Residents of the U.S. need an SSN to gain access to employment opportunities.

Frankly speaking, an ITIN is meant for individuals who require a U.S. taxpayer ID. Here are some situations where an ITIN is needed.

• You are required to file a tax return

• You are a business owner or process credit card payments

• You are a dependent child or spouse who is not a U.S. citizen

• You have a U.S. tax filing obligation

• You own a U.S.-based business or have income effectively connected to the U.S.

Keep in mind that the ITIN application process is not simple. For any questions or assistance, please contact us at your earliest convenience.