ITIN stands for Individual Tax Identification Number.
An Individual Tax Identification Number (ITIN) can be used as an alternative for a Social Security Number (SSN) in some cases, and is not a requirement in most cases. However, you will be required to have one if you wish to apply for a US Paypal account or in the case of certain bank accounts.
Yes, we can help you with your ITIN application. We work with IRS Certifying Acceptance Agents (CAAs). A CAA is officially authorized, trained, and approved by the IRS to process ITINs. We work with such qualified folks to minimize the chance of your application being rejected so that you can rest assured your application is in good hands!
Outside of peak processing times (between January and April), it should take up to six weeks for an applicant to receive their ITIN. However, because most ITIN applications must be filed with tax returns, they are typically filed during peak processing times. As a result, it can take 8 to 10 weeks to receive an ITIN.
We will charge you a one-time fee of $499.
While applying for a new ITIN, the following 3 documents are required -
Company formation documents.
EIN (Employer Identification Number)
Passport (Proof of Foreign Status and Identity)
While applying for an ITIN renewal, the following 2 documents are required -
US Federal Tax Return that was previously filed
Passport (Proof of Foreign Status and Identity)
During renewal of ITIN's, 'Company formation documents' and 'EIN' are not required as support documents, as the tax return will serve as the support documentation for the renewal application.
The ITIN application is made in Form W-7 (Application for IRS Individual Taxpayer Identification Number).