An ITIN number USA is important for you to be able to do many financial transactions. This number acts as a kind of Social Security Number. ITIN, which stands for Individual Taxpayer Identification Number, allows you to file taxes in the USA. Therefore, this number is necessary for everyone who wants to establish a life in the USA.
Then, if you want, let’s take a look at all the details you need to know about the ITIN number USA format. You can easily find every detail on the subject in this guide.
What is the ITIN Number USA Meaning?
The Internal Revenue Service (IRS) identifies a number called ITIN for people who cannot obtain an SSN. The ITIN, which is the Individual Taxpayer ID Number, consists of nine digits. This number allows people to perform various transactions.
We can give an ITIN number USA example as 9XX-XX-XXXX. These numbers, which always start with the number 9, are completely personal. In addition, each individual can only receive one ITIN.
What is the Use of an ITIN Number?
By obtaining an ITIN, you can perform many commercial and financial transactions in the USA. Most importantly, you will need an ITIN to file a federal tax return. Here are the main transactions you can do with this special number:
| What You Can Do with an ITIN | Details |
| Tax Return Transactions | If you earn income, you must file your taxes using your ITIN. |
| Opening a Bank Account | Some US banks or financial institutions will help you open a bank account with an ITIN. |
| Requesting a Loan with an ITIN | This number also helps you get a loan, so you can start building your credit history. |
| Buying Real Estate with an ITIN | Some banks or financial institutions can also provide home loans with an ITIN. |
In addition to all these, you will also be able to benefit from tax deductions thanks to the ITIN. Having an ITIN is very important, especially for Married Filing Jointly.
How to Obtain an ITIN Number USA?
“How to get an ITIN number USA?” Now let’s come to the most important issue regarding ITIN. Among the ITIN number USA requirements, of course, some documents definitely need to be declared. The first of these is the W 7 Form. The form must be filled out completely and sent to the IRS.
When filling out the W-7 Form, the following should be noted:
- Personal Information: This is the section that includes information such as name-surname and date of birth.
- Reasons for Application: You must write in this section why you are applying for an ITIN.
- Tax Return Information: The tax return, Form 1040, must also be submitted along with Form W-7.
In addition to all these, other documents requested for the ITIN number USA apply include:
- ID Card (Passport, especially)
- Driver’s license, if applicable
- Birth certificate
- US student visa documents, if required
Where to Apply for an ITIN Number USA?
All ITIN number USA applications must be made directly to the IRS. Three different methods can be used to do this:
- Application Procedures by Mail: You can apply for an ITIN by sending all documents to this address. IRS ITIN Operations P.O. Box 149342 Austin, TX 78714-9342
- Certified Agent Applications: Companies like ein-itin.com are reliable for EIN and ITIN applications.
- Personal Applications: You can also apply for an ITIN yourself by going to the IRS. However, this option is quite difficult for ITIN number USA non resident
The best way to apply is to choose a certified acceptance agent. This way, your application and Form W-7 will be reviewed and any errors will be corrected.
How Many Days Does It Take to Get an ITIN Number USA?
Your ITIN application can take around 7-12 weeks to be finalized. Of course, this period may be longer if it coincides with a busy application period. If your application is approved, the IRS will send you a letter with your ITIN number. If you still haven’t received a letter after the 13th week, you can call the IRS to get information.
Frequently Asked Questions
In this section of our detailed ITIN number USA guide, we have compiled answers to frequently asked questions.
Who Can Apply for an ITIN in USA?
Anyone who does not have an SSN and needs to file federal taxes can apply for an ITIN. ITIN number USA is a service that non-residents can also apply for.
What is My ITIN Number in the USA?
ITIN number USA means Individual Taxpayer ID Number. With this number, you will be able to make some financial transactions even if you do not have an SSN. It is also necessary to get an ITIN for a federal tax return.
Can I Work in the US with an ITIN Number?
Unfortunately, an ITIN number USA does not give you a work permit. Likewise, not everyone with an ITIN can get a residence permit. You must apply to the relevant authorities for such procedures.
