Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Individual Taxpayer Identification Number (ITIN) – Form W-7

By Manendra Kothari Subscribe to RSS | January 30th 2012 | Views:
loading
 
  



Examples of Individuals needing an ITIN include:

A nonresident alien individual eligible to obtain the benefits of a reduced rate of withholding under an income tax treaty

A nonresident alien not eligible for a SSN required to file a U.S. tax return or filing a U.S. tax return only to claim a refund

A nonresident alien not eligible for a SSN electing to file a joint tax return with a spouse who is a U.S. citizen or resident alien

A U.S. resident alien who files a U.S. tax return but who is not eligible for a SSN

An alien individual, claimed as a spouse for an exemption on a U.S. tax return, who is not eligible for a SSN

An alien individual, who is not eligible for a SSN, claimed as a dependent on another person’s U.S. tax return, and

A nonresident alien student, professor, or researcher filing a U.S. tax return or claiming an exception to the tax return filing requirement who is not eligible for a SSN

The ITIN is issued for federal tax purposes only. It does not entitle you to Social Security benefits, and does not make you eligible for the earned income credit. The ITIN creates no inference concerning your immigration status or your right to work in the United States.

You must file Form W-7, Application for Individual Taxpayer Identification Number, to apply for an ITIN, and show that you have a federal tax purpose for seeking the ITIN. Along with the completed Form W-7, you will submit identity documents, and either a federal tax return, or other documentation to show the federal tax purpose for which you need the ITIN. Feel free to consult us preparer to make sure this form is filled correctly and proper documents are attached. As single mistake will result in rejection of the application.

The identity documents are needed to verify both your identity and your foreign status; one must include a recent photograph. If you submit an original valid passport (or a notarized or certified copy of a valid passport) you do not need to submit any other documents. If you do not submit a passport document, you must provide a combination of documents (at least two or more) that are current and that (1) verify your identity (that is, contain your name and a photograph), and (2) support your claim of foreign status.

If the ITIN is for a dependent, the documentation must prove that the dependent is a U.S. National or a resident in the United States, Mexico, Canada, Republic of Korea (South Korea) or India. However, if you are living abroad and have adopted, or have had legally placed in your home pending adoption, a foreign child, that child may be eligible for an ITIN. If the dependent is a minor, the documentation must establish the relationship between the dependent and the representative signing the application on the dependent’s behalf. Such documentation could include a birth certificate, adoption papers, or other court-appointed papers showing legal guardianship. In the case of dependents that are residents of the Republic of Korea (South Korea) or India, contact us for additional documentation that may be required.

In addition to a passport, examples of acceptable documentation include: national identification card (showing photo, name, current address, date of birth and expiration date); civil birth certificate; foreign driver’s license; or visa. A complete list of acceptable documentation can be found in the instructions to the Form W-7. The documents must be originals or certified copies.

Manendra Kothari - About Author:
Manendra Kothari, CPA
127 S. Roselle Rd Ste # 200
Schaumburg, IL 60193
Phone: 847.524.0001
Email: MKothari@SKTaxes.com
www.Schaumburgcpa.info

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/individual-taxpayer-identification-number-itin-form-w-7.htm

Related Business Articles Subscribe to RSS

New Year 2012 SMS, New Year 2012 Greetings- spread wishes and love
Published by Ashish Pandey on December 17th 2011 | Business
New Year 2012 SMS have become the latest craze as the year 2012 is approaching soon. Even the New Ye...
 
Electric Wires and Cable Market in India 2012
Published by Bharatbook on June 9th 2012 | Business
Bharatbook added a new report on "Electric Wires and Cable Market in India 2012" which gives an over...
 
Coffee Market in China 2012
Published by Bharatbook on June 6th 2012 | Business
Bharatbook added a new report on "Coffee Market in China 2012" which gives an overview, Demand, Sup...
 
2012 Maserati GranTurismo S: focus on Maserati performance and technology
Published by R Passione on January 9th 2012 | Business
The 2012 Maserati GranTurismo S is one of the sportier Maserati Coupe ever built by the Trident auto...
 
Mobile Application Market in India 2012
Published by Bharatbook on June 9th 2012 | Business
Bharatbook added a new report on "Mobile Application Market in India 2012" which gives an overview,...
 
Facilities Management Services Market in India 2012
Published by Bharatbook on June 6th 2012 | Business
Bharatbook added a new report on "Facilities Management Services Market in India 2012" which gives a...
 
The European Cross-Border Electricity Interconnectors Market 2012-2022
Published by Bharatbook on April 3rd 2012 | Business
Bharatbook added a new report on " The European Cross-Border Electricity Interconnectors Market 2012...
 
2012 U.S. Vending Machine Operators Industry
Published by Bharatbook on April 17th 2012 | Business
Bharatbook added a new report on "2012 U.S. Vending Machine Operators Industry" which gives an overv...
 
Strong Demand for IT Outsourcing Seen This 2012
Published by Infinit Outsourcing on August 16th 2012 | Business

An emerging branch within the outsourcing industry has been attracting the attention of key indu...
 
Indian Pharmaceutical Directory 2012
Published by Bharatbook on April 27th 2012 | Business
Bharatbook added a new report on " Indian Pharmaceutical Directory 2012" which gives an overview, D...
 
2012 Trends - FED: Drives stocks & Gold Down by Micron Associates
Published by Micron Associates Info on April 7th 2012 | Business
U.S Central Bank meeting presented that the policymakers may be less willing to launch further stimu...
 
2012 Maserati models line-up
Published by R Passione on December 7th 2011 | Business
The model line-up also includes the GranTurismo S Automatic and the Quattroporte, both recipients of...
 
Theory Test 2012 Revision Questions
Published by John Smith on April 12th 2012 | Business
In UK, to get driving license you have to give both the driving theory test and after that a practic...
 
Animation Market in India 2012
Published by Bharatbook on June 6th 2012 | Business
Bharatbook added a new report on "Animation Market in India 2012" which gives an overview, Demand, ...
 
2012 U.S. Luggage & Leather Goods Stores Industry
Published by Bharatbook on April 16th 2012 | Business
Bharatbook added a new report on "2012 U.S. Luggage & Leather Goods Stores Industry" which gives an ...
 
Global Stainless Steel Directory 2012
Published by Bharatbook on April 28th 2012 | Business
Bharatbook added a new report on " Global Stainless Steel Directory 2012" which gives an overview, ...
 
International Directory of Women's Organizations 2012
Published by Bharatbook on May 4th 2012 | Business
Bharatbook added a new report on "International Directory of Women's Organizations 2012" which gives...
 
2012 U.S. Radio, Television & Electronics Stores Industry
Published by Bharatbook on April 17th 2012 | Business
Bharatbook added a new report on "2012 U.S. Radio, Television & Electronics Stores Industry" which g...
 
Digital Signage Market in India 2012
Published by Bharatbook on June 9th 2012 | Business
Bharatbook added a new report on "Digital Signage Market in India 2012" which gives an overview, De...
 
2012 Maserati GranTurismo Convertible: available at Maserati Beverly Hills
Published by R Passione on January 4th 2012 | Business
The Maserati GranTurismo Convertible is the only cabriolet in its class to seat four adults in full ...