Find out what the Personal Taxpayer Identification Number is, how to process it and why it is important to comply with your tax obligations.
The Personal Taxpayer Identification Number (ITIN) is a tax identification number that the United States Internal Revenue Service (IRS) grants to people who do not have or cannot process a Social Security Number (SSN, in English), but need to file a tax return.
The ITIN is used so that people who do not meet the requirements to process an SSN can comply with the tax laws of the United States. In this sense, the ITIN is particularly important for people with irregular immigration status, since it can be processed regardless of the applicant's immigration status.
However, it should be noted that an ITIN does not represent authorization to work in the United States and does not provide rights to social security benefits. That is, the use of the ITIN is limited to tax purposes.
However, having an ITIN can facilitate the process of buying a home or opening a bank account. Some mortgage lenders and banks may require an ITIN to process a home loan application or bank account application. Also, some states may include the ITIN in the list of requirements to process a state driver's license.
How to process an ITIN?
To apply for an ITIN, the IRS Form W-7 must be completed. This form must be submitted along with the corresponding tax return. Additionally, documentation proving the applicant's identity and foreign status must be provided.
The necessary documentation may include a valid and current passport, a visa, a government identification (consult registration or voter identification card), birth certificate and other documents that vary according to the situation of each person.
To request an ITIN there are three alternatives, the first is by sending the corresponding documents by postal mail; the second, carrying out the process in person through a Certifying Acceptance Agent authorized by the IRS; or by scheduling an appointment at a Taxpayer Assistance Center designated by the IRS.
Learn more at the following link: https://www.irs.gov/es/individuals/how-do-i-apply-for-an-itin