Unauthorized immigrants can apply for ITIN help to avoid unnecessary tax hardship
An ITIN is a nine-digit number that must be used on all tax-related statements and documents if individuals do not qualify for a Social Security Number in the U.S. To be more detailed, both resident foreign nationals and Non-residents who will obtain the benefits of a reduced participation rate under the income tax treaty may have federal tax returns and payment responsibilities issued by the Internal Revenue Code or non-resident aliens who are willing to declare joint tax with your dependent spouses, the spouse is a US resident needs an ITIN.
Real estate brokers can use an ITIN to facilitate mortgages for unauthorized immigrants. This tax identification number is also required for foreign investors in US real estate to file state tax returns to report rental income. The same is true for a foreign spouse who is claimed exemption based on US tax laws. Therefore, the ITIN is mandatory for all foreign taxpayers who claim as dependents on another’s tax return. Non-resident individual and non-resident professors, students and researchers who wish to apply for scholarships also need an ITIN to claim an exception to the tax return filing requirement. The ITIN program was created so that millions of people can use it as proof of identity when opening a savings account or performing other financial activities. Receiving an ITIN does not in itself establish the right to work and receive income, nor does it provide eligibility for social security benefits. They are considered valid identity statements only for the tax return.
A person who meets the eligibility requirements can apply for an ITIN, but must disclose a federal tax purpose to apply. This involves submitting the IRS Form W7, which contains a record of biographical information along with specific types of supporting valid national identification card, including name, address, date of birth, passport, U.S. voter card, or foreigner, registration card, driver’s license and an attached original tax return. An ITIN application cannot be submitted electronically. Also, notarized copies of documents are not accepted. ITIN applications along with two of the original documents mentioned should be mailed to the designated address of the IRS Taxpayer Assistance Centers in the United States. The ITIN issued to a person also expires if it is not used for three consecutive years. In all these cases, taxpayers can reapply and renew their ITIN.
ITIN has played an important role in attracting more people to the US economy.Realizing the importance of the ITIN in tracking undocumented immigrants, the federal government has also incorporated some individuals and business institutes as Agents of Acceptance Certificates working on a written agreement with the IRS to assist taxpayers in need of ITIN assistance through verification and return. all important papers while applying alone. In addition, applicants can call the IRS toll-free numbers to check the status of their application or for further inquiries.