What is an ITIN and how can you apply for one? Individual Tax Identification Number or ITIN is an USTAX ID starting with digit 9 [ For example: 97X-XX-XXXX]. This is similar to your local country tax id for example the tax ID in United Kingdom is National Insurance Number. You can apply for US …
Individual Taxpayer Identification Number (ITIN) for Foreign Nationals Read More »
Social Security Number Every individual who is employed in the U.S must have a Social Security Number (SSN) or apply for one. SSN is a nine digit (xxx-xx-xxxx) number issued by the Social Security Administration (SSA). Every employer who sets up payroll and pays individual wages must request the employee’s SSN and report the employee’s …
Form W7 Mailing address from Outside of U.S.A International ITIN applicants International or ITIN applicants outside of the U.S.A can apply for an ITIN by mail, in person at an IRS office, or through an acceptance agent (risk-free of not losing your passport and all documents check done by agents). Mail Mail Form W-7, your …
Form 8288 (U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests) or Form 8288B (Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests) What is FIRPTA? FIRPTA stands for Foreign Investment in Real Property Tax Act and it is the Federal law governing the taxation & …
FIRPTA For Non-Resident Alien Tax Withholding on Sale of US Property Read More »
If you have recently moved out of America and this is your first year filing a 1040 tax return with additional reporting of foreign income (i.e income earned outside of the USA or Non-W2 income). It’s very common to get confused to take your call on to use Foreign Earned Income Exclusion (FEIE) or Foreign …
Form 116 Foreign Tax Credit or Form 2555 Foreign Earned Income? Read More »
Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year. ITINs not used in the last three consecutive tax years. Under the Protecting Americans from Tax …
Dear TAH clients, We hope you are all well and staying safe while the world is under the spin. During this challenging time, we are committed to keeping you informed on relevant US tax updates for our individual US Expatriates clients. Our team continues to work from home, doing our best to help our clients …
ITINs are the alternate option of Social Security numbers for those taxpayers who are not eligible for a Social Security number. It is a 9-digit number, beginning with the number “9” which appears similar to an SSN (XXX-XX-XXXX). Is it essential to have an ITIN? You are required to apply for a ITIN, If you …
An Employer Identification Number (EIN) is necessary when you need to make a deposit or file return and it is always suggested to obtain an EIN earlier to avoid the hassle. Overview An Employer Identification Number (EIN) is also known as a federal tax identification number and is used to identify a business entity. It …
There are many acronyms used by the IRS to identify the types of taxpayers and they are quite confusing for someone new, in this blog, we can discuss EIN and TIN. EIN and TIN are both used for business purposes meanwhile SSN and ITIN is used to identify yourself. EIN (Employer Identification Number) An Employer …