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What is ITIN

Updated: Jan 25, 2021

INDIVIDUAL TAXPAYER IDENTIFICATION NUMBER- ITIN




Individual taxpayer’s identification number is issued to the Non-residents (Non-working spouse or the dependents) Basically ITIN can only be used to file the tax returns (Form 1040) it is issued by the Internal revenue service.

USE OF ITIN:

As mentioned above it is used for purpose of filing to include the non-working spouse or dependents in the tax return (Form 1040),

The non-resident aliens who are claimed as a dependent on the tax return (ie: child/qualifying relative/another dependent) by the taxpayer are eligible for the child tax credit or credit for other dependent even if they don’t have SSN but hold an ITIN as issued by IRS.


PROCESS TO APPLY ITIN:

To apply for ITIN, the applicant (Spouse or Dependent) need to reside in the US for more than 183 days. Once they complete the time span the nonresident individual or the dependent of the taxpayer is eligible to apply ITIN.

ITIN can be applied only during the period of Tax filing, the applicant (Spouse or the Dependent) need to visit Taxpayers assistance and submit the required documents to the ITIN officials

The applicant needs to submit FORM 1040 (TAX RETURN –TY 20XX), a copy of FORM W2, Form W7 (ITIN Application form), and a copy of the passport of the applicant.

NOTE: Physical appearance of the applicant is mandatory

Once the Applicant submits the documents ITIN will be issued in 6-7 Weeks.


RENEWAL/EXPIRY:

Generally, ITIN needs to be renewed after every five years. If the ITIN is not used for Tax filing then the number issued by IRS will be expired.

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