WHAT IS ITIN NUMBER AND WHY IT IS IMPORTANT?
Every business needs a tax identification number and same goes for individuals also. There are two types of tax identification numbers in US. The first type is Social Security number (SSN). These are for all US citizens, permanent resident and temporary residents who are allowed to work through work permit. The second type is Individual Tax Number (ITIN).
WHAT IS AN ITIN?
Individual Tax Identification Number (ITIN) is issued by Internal Revenue Services (IRS), which is a US tax collection agency. IRS issues ITIN to help individuals comply with US tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for a Social Security Number (SSN).
Unlike other forms and ID, ITIN only has one purpose which is tax filing and reporting. Having an ITIN doesn’t mean you are eligible for benefits such as social security or earned income credits that provide refunds to some of the low-income filers.
ITIN ELIGIBILITY CRITERIA
Both US residents and non-residents are eligible to apply for ITIN regardless of their immigration status. Both US residents and non-residents can apply for ITIN if they are not eligible for SSN.
WHO NEEDS ITIN
- Non-residents who are required to file an income tax return.
- Residents who are required to file an income tax return due to the number of days they reside in the US.
- Dependents or the spouse of US citizen or resident.
- Dependents or spouse of non –resident visa holders.
HOW BEFILER CAN HELP YOU TO GET YOUR ITIN?
Step 1: Sign in to your Befiler mobile App or visit our website www.befiler.com through your browser.
Step 2: Scroll down to USA Services then select ITIN registration Services.
Step 3: Provide the required information that is your name and other related information.
Step 4: Befiler representative will call you and guide you about the whole registration process and documents required for registration.
We do not even need your physical presence at all rather you can send your scanned passport application and get your ITIN number as soon as possible.
Befiler is here to serve you through its professional and reliable service. Now you do not even need to think about your tax related problems, as we will manage all your issues related to incorporation of your company in US.