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Apply for ITIN
Secure your Individual Taxpayer Identification Number (ITIN) quickly and effortlessly with our expert assistance.
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What is an ITIN?
If you are a Non-US citizen operating in the states, then you must have heard of the term ITIN and how important it is for you to apply for ITIN. ITIN is known as the Individual Taxpayer Identification Number issued by the IRS. As already made clear, it is a unique ID used by the individuals to pay their taxes.
For US citizens, the Social Security Administration (SSA) issues a Social Security Number (SSN) which is used to pay individual taxes. However, individuals who cannot obtain an SSN or are not eligible to obtain it must apply for ITIN in order to pay their taxes.
Who needs it?
If you are still not sure whether you need to apply for ITIN or not, then below are the questions you must ask yourself?
- Do you not have an SSN or are you not eligible for it?
- Are you a non-resident alien filing a US federal tax return?
- Are you a Non-US Resident who needs to file a tax return?
- Are you a dependent or spouse of a person who is a US resident?
- Are you a dependent or spouse of a non-resident visa holder?
- Are you a non-resident who needs to claim for a tax treaty?
- Are you a non-resident researcher, student or professor who needs to file a US tax return or file for an exception?
If the answer to any of these questions is YES, then you need to apply for ITIN right away!
Why is it important to apply for ITIN?
ITINs serve the purpose of filing taxes and help the individuals who can not have the security of SSNs. With the ITIN, the non-residents having a taxable income can easily comply with the US tax laws, so it is essential to apply for ITIN and save themselves from penalties.
In addition, an ITIN is required if you want to open a US bank account, PayPal account, Stripe Account, eCommerce account, file a tax return, or even to get a credit score being a non-US resident.
However, you must understand that IRS ITIN is solely issued for the tax filing purposes and does not make you eligible for other benefits such as work in the US, social security, or any Earned Income Tax Credits.
Why Mercurius?
IRS has some approved acceptance agents which can help you in obtaining an ITIN. Fortunately, Mercurius Advisory Services (MAS) is one of them.
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Being an IRS Certified Acceptance Agents, MAS can help you with the following steps to ease the process of obtaining an ITIN:
- Reviewing the documents required
- Answering your queries along the way
- Forwarding the certificate and application to the IRS
- Providing a complete online verification process
FAQs
Can I apply for ITIN without having a company in the US?
ITIN is basically required to file taxes and it can be any taxable income such as working in a firm. Therefore, you do not specifically need to have a company in the US to apply for ITIN online. However, if you are planning to file for a federal tax return for a business, then you must have a company in the US before you apply for ITIN.
Is SSN necessary to apply for ITIN?
No. ITIN is more or less a replacement for SSN. It is suitable for the non-residents or individuals who are not eligible to obtain an SSN.
Do I have to be living in the states to get an ITIN?
You need to have an ITIN if you are having a taxable income in the US or if you had a taxable income during the time you were based in the US.
Can I apply for ITIN from anywhere in the world?
Yes, you can apply for ITIN online from anywhere across the countries.
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