How to Apply for an ITIN After Forming an LLC

Currently, there are 13 different documents that the IRS will accept for proof of identity and proof of foreign status. However, using your passport is the easiest and most common choice. Sprintax Returns can also help to file nonresident tax returns, ensuring nonresidents get their maximum refund and remain compliant with the IRS. Sprintax Returns can also produce the W-7 form if you are filing an ITIN application alongside your tax returns. Typically, this includes a valid passport or a combination of other documents such as a foreign birth certificate and a national identification card that verify your identity and foreign status.

Fact Sheet: Individual Taxpayer Identification Numbers (ITINs)

Your school will typically have an officer who is responsible for certifying copies of your documents (such as passport, visa, i-20/DS-2019). Firstly, you will need to complete and sign Form W-7 as part of the ITIN application. IRS.gov has a wealth of useful information about the process for non-residents. They also have special resources for international students, military members, and others. Once you apply for an ITIN, you can expect to hear from the IRS about the status of your application within seven weeks. Anyone who earns income from the U.S. is required to get a tax ID number, since they’re obligated to pay taxes on what they earn.

What form do I use to apply for an ITIN?

For more information please see the Social Security Administration website. At Expat CPA, we specialize in helping non-residents, US citizens and expats remain compliant with the latest IRS tax codes. In addition to dedicated support for W-7 form instruction, we can also help you determine your expat eligibility for Social Security and other federal benefits. If you do not receive a letter from the IRS within those time frames, you can call them to check on the status of your ITIN Application. Another example of how hiring an accountant (that is an IRS Acceptance Agent) can help is regarding your passport. If you don’t certify your passport, you’ll need to send the IRS your original passport.

1. There will also be a phone number on the letter so you can call the IRS for more information.
2. No matter which way you file, we guarantee 100% accuracy and your maximum refund.
3. Instead of using an SSN, the ITIN will be used for filing taxes with the IRS.
4. To the right, you must enter the Treaty Country and the Treaty Article Number.

Why you should get an ITIN before tax season

You must apply for an ITIN – Individual Taxpayer Identification Number – when you have a U.S. tax filing or informational reporting requirement. An Individual Taxpayer Identification Number (ITIN) https://www.online-accounting.net/how-long-should-you-keep-business-records-how-long/ is a tax processing number issued by the Internal Revenue Service. Generally, ITIN filers are not eligible to get SSNs because a prerequisite for receiving an ITIN is inability to obtain an SSN.

If you are filing your ITIN application in advance of filing your tax return, you will need to complete and sign a Form W-7. When you have a filing or reporting requirement, you should apply for your ITIN as soon as possible. A Form 1040 return with limited credits is one that’s filed using IRS Form 1040 https://www.online-accounting.net/ only (with the exception of the specific covered situations described below). The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice.

In addition, LITCs can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. For more information or to find an LITC near you, see the LITC page on the TAS website or Publication 4134, Low Income Taxpayer Clinic List. The next step would be to get copies of your identification documents certified. If you are in your home country outside of the US then this may be trickier as usually your responsible officer at your school can certify copies of your identification documents. However, some nonresidents that have earned taxable US income but are not eligible for a SSN will likely need to apply for what is known as an Individual Taxpayer Identification Number (ITIN). When you open a checking account or a savings account, you’ll need to verify your identity.

The IRS will use this address to send your ITIN Approval Letter as well as return any original documents (if necessary). If you are not sure if you have a U.S. tax filing requirement, you will who issues a bill of lading here are the responsible parties need to speak with an accountant for help. In off-peak times the processing time for an ITIN is generally within seven weeks, provided you qualify for an ITIN and your application is complete.

You can do this with an SSN or an ITIN, but some banks will also accept other forms of ID. These might include a passport number or other government-issued ID number. A Social Security number is only issued for citizens and qualifying resident aliens, such as green card holders. This number keeps track of the years you’ve worked in the U.S. and your lifetime earnings.

• If box “h” is checked, then you must enter your reason for requesting the ITIN. We strongly recommend working with an accountant (specifically one that is listed as an IRS Acceptance Agent), since it is very easy to mess up Form W-7 and doing so will cause the IRS to reject your ITIN Application. For more information see Allowable Tax Benefits in the Instructions for Form W-7PDF. See more information on how to apply for your ITIN from outside the US here. Security Certification of the TurboTax Online application has been performed by C-Level Security. Our team offers a personalized experience, competitive pricing, and peace of mind that your application will be handled correctly.

Even though the basic process for obtaining an ITIN is fairly straightforward, IRS forms are notoriously confusing for citizens and foreign nationals alike. Moreover, the steps for obtaining an ITIN become slightly more complex when reporting U.S. taxes while living abroad. To renew an ITIN, you will resubmit Form W-7 (along with the required documentation) and you will check off “Renew an Existing ITIN” in the upper right of the form. Instead of mailing your ITIN Application to the Texas address above, you can also file your application in person at an IRS Taxpayer Assistance Center (TAC).