What is an ITIN & what’s for?
The IRS issues the Individual Tax Identification Number (ITIN) as a tax processing number to ensure individuals, regardless of their immigration status, can comply with the U.S. tax laws. This nine-digit number is used exclusively for tax purposes and is assigned to those who do not meet the criteria to obtain a Social Security Number (SSN) but still have a federal tax filing or payment obligation.
The ITIN is crucial for individuals who need to file U.S. tax returns, pay taxes, or claim tax refunds, yet are ineligible for an SSN due to various reasons, including non-resident or resident alien status, or being a dependent or spouse of a U.S. citizen/resident alien. It also serves those who are a dependent or spouse of a non-resident alien visa holder. In addition to facilitating tax returns and payments, the ITIN allows individuals to comply with U.S. tax laws, thereby avoiding potential penalties for failing to file returns. It is important to note that having an ITIN does not change an individual’s immigration status or their right to work in the United States and does not make them eligible for Social Security benefits.
Frequently Asked Questions
What is an ITIN, and why do I need one?
An ITIN (Individual Taxpayer Identification Number) is issued by the IRS to individuals who need to file taxes but are not eligible for a Social Security Number. It helps you meet your tax obligations and gain access to financial services like opening bank accounts or applying for loans.
Who is eligible to apply for an ITIN?
ITINs are available to individuals who are not U.S. citizens or legal residents but must pay U.S. taxes, such as non-resident aliens, foreign investors, spouses, or dependents of U.S. residents, and others with tax-filing obligations.
Does the ITIN give me legal status?
No, an ITIN does not grant legal immigration status or authorize employment in the U.S. It is strictly for tax purposes and compliance with U.S. tax laws. If you need legal status or work authorization, you must pursue the proper immigration channels.
Can I work in the U.S. with an ITIN?
No, an ITIN does not authorize employment in the U.S. It is only for tax purposes and does not grant any legal status or work privileges. You will need to obtain a work visa or other proper authorization through immigration channels.
How long does it take to get an ITIN?
Once your application is processed, it typically takes 6 to 8 weeks for the IRS to issue your ITIN. We ensure that your documents are submitted correctly to avoid any delays. During this time, we will keep you informed of the status and assist with any follow-up if needed.
Does an ITIN expire?
Yes, ITINs expire if they are not used on a federal tax return for three consecutive years or if they were issued before 2013 and haven’t been renewed. We can help you with ITIN renewals as well.
Get Expert Assistance with Your ITIN Application
If you need an ITIN, the process can seem daunting, but we’re here to help. As Certified Acceptance Agents, VIP CHOICE Service simplifies the application process, verifies your documents, and ensures your application is processed quickly and accurately.
Contact us today to schedule a consultation and get started with your ITIN application.