Individual Taxpayer Identification Numbers (ITINs) do not authorize you or anybody for that matter to work in the United States. Simply put they are not valid for employment purposes. However, if you are required to file a U. S. Federal income tax return and are...
As part of an IRS Examination under the Foreign Investment in Real Property Tax Act (FIRPTA) you absolutely must have a Taxpayer Identification Number (TIN) to mitigate 26 U.S. Code § 1445 - Withholding of tax on dispositions of United States real property interests If you do not...
Generally speaking the most common answers to ITIN questions I have been getting recently regarding IRS Form W-7 are as follows: If you have a VISA that is valid for employment and you will be employed in the U.S., you should first apply for a SSN...
You can indeed claim an exception to the requirement to submit an original U.S. Federal income tax return with IRS Form W-7 - ITIN Application, all you need is substantiated proof of your claim. So what are the exceptions allowing for the ITIN application without a tax return...
In 1996, the U.S. Treasury Department issued T.D. 8671, 1996-1 C.B.314 introducing the ITIN - Individual Taxpayer Identification Number - requiring people foreign to the USA to use a unique identification number on their United States federal income tax returns. These regulations were intended to address concerns...
When you go to a Certified Individual Taxpayer Identification Number Certifying Acceptance Agent like me, please save yourself time and remember: You can apply for an ITIN by mail, at any IRS Taxpayer Assistance Center in the United States and at IRS offices abroad. You...
IRS assistance is 'advertised' as being available to help you prepare your IRS Form W-7. If like the majority of the other people on this planet you haven't found the instructions worth their salt the IRS advises that you call 1-800-829-1040. BAHOOT! As my old instructor would belch. Today...
We each value our limited time on this planet in our present life forms differently based on what "things" are "worth" to us. If you really believe you "need" some "thing" you might find yourself going to the end of the Earth and back to get...
Many entrepreneurs get caught up in selecting the "most appropriate business structure" - particularly people planning to conquer the moon right out of the gate. If this is you beware as business structure is a determination that is best driven out of operational efficacy. Why? Most all new...
Many business owners of all sizes have been posting to this blog lately with concerns about offering minimum essential health insurance coverage for their employees. It is indeed a complex topic full of both pitfalls and opportunities. When you drill down into the nuances of what it really...