What Is An ITIN? What You Need to Know

You can renew your ITIN by filling out the ITIN order form and selecting the “Renew ITIN” option at the end of the form. This does not matter if the income was paid to you by cash, check, or direct deposit. To obtain an SSN, see Form SS-5, Application for a Social Security Card. To get Form SS-5 or to find out if you are eligible to obtain an SSN, go to Social Security Administration or contact an SSA office. By law, an alien individual cannot have both an ITIN and an SSN.

If you do not qualify for an SSN, you will need to apply for an ITIN. If you’re working and earning money in the United States, but you don’t have and don’t qualify for a Social Security Number, you’ll need an ITIN. You can apply for an ITIN tax ID for you, your spouse, and your dependents when you prepare your tax return with us.

Why should I renew my ITIN?

The purpose of the ITIN is to identify you when you file a tax return with the IRS. If you are eligible for tax benefits, you can also use your ITIN to claim those benefits. Your ITIN is used to confirm your identity as a federal taxpayer.

  • These credits can reduce the amount of taxes you owe or can provide you a tax refund that can be put towards things like the cost of raising kids or to cover daily living expenses.
  • The IRS will accept 13 types of documents for proof of identity and foreign status.
  • If none of the in-person options work for you, you can still submit your application by mail.
  • Think about foreign-born celebrities making movies on U.S. soil for U.S.-based movie studios.
  • However, the entry date is needed where the taxpayer is applying for the ITIN as a “resident” for tax purposes.

To change federal tax withholding, taxpayers will need to update their withholding with their employer, either online or by submitting a new Form W-4, Employee’s Withholding Allowance Certificate. You need to file your taxes on or before April 15 to receive your tax credit money without delay. But remember, the sooner you file your tax return, the sooner you’ll be able to get your money back. If you expect to receive a W-2 or other tax forms (like a 1099), make sure you wait until you have those with you before you start your tax return.

A certified copy requires you to go to where the original document was obtained and get them to get a copy for you. If you are applying for an ITIN on your own, then there is no official way for you to be able to check on the application’s ITIN status. EIN Express offers a fast service to get your ITIN number online quickly without having to send your original documents to the IRS. The first document you need is Identification Documentation. This is generally satisfied with a certified copy of your passport.

Receive Your Tax Refund

2) Supporting Documentation – based on the reason why you’re applying for an ITIN, I will instruct you further on how to obtain this after you sign up and I review your file. IRS 1040 Federal Tax Return is used to report any type of income you earned in the US during the previous tax year or current tax year. You can ONLY find your ITIN number on your official IRS ITIN Card/Letter that was issued to you from the IRS when you initially applied for an ITIN. IRS processes return showing SSNs or ITINs in the blanks where tax forms request SSNs. If you have an application for an SSN pending, do not file Form W-7. Complete Form W-7 only if the Social Security Administration (SSA) notifies you that an SSN cannot be issued.

File Taxes and Claim Benefits

ITIN is only used as a label by the federal government for filing taxes. It serves no other purposes and does not offer a person the same benefits an SSN does. If a taxpayer is trying to file their taxes, they must include their tax return with their ITIN application when applying for an ITIN number. However, if they qualify for one of the five ITIN “exception” categories, then they do not have to include a tax return with their application.

Volunteer to help eligible taxpayers file their tax returns

This tax benefit is worth up to $2,000 for each child under 17, and up to $1,500 of the credit is refundable. Eligibility for claiming the CTC depends on the status of your children. You can only claim the CTC if your qualifying children have Social Security Numbers. There are some tax credits that you may be eligible to claim with an ITIN.

Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more. You can use this checklist to help prepare your application. This non-refundable credit is worth up to $2,000 per household. It can be used to help reduce any post-secondary educational expenses (such as job training) and isn’t limited to people attending college.

If you do not have a PTIN, you must get one by using the new IRS sign-up system. Even if you have a PTIN but you received it prior to September 28, 2010, mark to market accounting you must apply for a new or renewed PTIN by using the new system. If all your authentication information matches, you may be issued the same number.

The Internal Revenue Service says it doesn’t care where you live — as long as you’re filing federal tax returns. If you hold an Individual Tax Identification Number, you must still file a return for each taxable year. Even if you don’t live in the United States, you must use Form 1040EZ, Schedule SE or W-2G, depending on whether you work or receive income. You must also report foreign earned income on your federal return. You can apply for an ITIN any time during the year when you have a filing or reporting requirement.

Fill out as much information as you can on the form, and leave anything else blank. Before you can begin, make sure you go and get the newest form. It’s a one-page, front-only form from the Department of the Treasury. Form W-7s do get updated, so you should make sure you’re using the most recent form. A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social Security Administration (SSA) or by the IRS.

Instead, they will need to submit another form of supporting documentation depending on the exception category they qualify for to comply with their tax reporting requirements. If you need to renew your ITIN, you’ll follow the same process as applying for a new ITIN. However, if you mail in your renewal application, you can simply send along a form W-7 with supporting documents—no need to attach a tax return. You will usually file an ITIN application, Form W-7, Application for IRS Individual Taxpayer Identification Number, with your first tax return, which you must file as a paper return, not electronically.

You’ll need original identification documentation to prove your identity and your foreign status. You can also use certified copies from the agency that issued your original identification documentation, too. Follow any of the Form W-7 instructions printed on the most recent form. All Form W-7 applications, including renewals, must include a U.S. federal tax return unless you meet an exception to the filing requirement. You can learn more about the required documents and information that you should gather prior to filing your taxes on the IRS Getting Ready to File website. Remember, your tax situation may be different from last year.