ITIN

How to complete Form W7?

Individual Taxpayer Identification Number (ITIN) for Foreign Nationals by completing Form W7. What is an Form W7 used for? Form W-7 is used to apply for an ITIN application or US Tax ID, for non-citizens who aren’t eligible to receive a Social Security number and need to file a federal tax return, claim tax treaty, refund …

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Are EIN and TIN the same

Are ITIN and SSN the Same?

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 …

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FIRPTA For Non-Resident Alien Tax Withholding on Sale of US Property

FIRPTA For Non-Resident Alien Tax Withholding on Sale of US Property

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 & …

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ITIN RENEWAL

ITIN RENEWAL

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 …

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