Hello, this is Amanda from Gary Booth Chartered Accountants, a CPA Firm.
Today we are going to talk about US Individual Taxpayer Identification Numbers (ITIN).
What is an ITIN?
It is a number issued by the Internal Revenue Service (IRS),
to individuals who are required to have a US taxpayer identification number
but are not eligible to obtain a Social Security Number.
ITINs are issued regardless of immigration status because both resident and non-resident aliens may have a U.S. filing or reporting requirement
Many people ask me: Do I need an ITIN?
You need an ITIN:
• If you have income that must be reported to the IRS
• If you have rental properties in the US
• If You are claimed as a dependent on someone’s US Federal Income Tax Return
• If you want to open a US bank account
• And lastly, if you are selling US property. This has currently been a popular reason for obtaining a ITIN. This can be very involved and requires several forms to be processed.
How can we help you?
• We are IRS Certified Acceptance Agents and can assist you in applying for your ITIN.
• First of all, visit our website at itinagent.com. Download the latest W7 form and personal information worksheet available on our website.
• Second, fill out the forms to the best of your ability.
• Next, gather these forms, your original passport and the supporting documentation to prove the reason for applying for ITIN.
• Finally, book a meeting with us to get started on your application
• Visit our website itinagent.com for more information.
• You can contact us at 416-626-2727 or email us at itin@garybooth.com and we would be pleased to help you.
