U.S. Individual Income Tax Return (Form 1040) Preparation, Tax Consulting, and Payroll Support by U.S. CPA

ITIN

Our office provides the following ITIN (Individual Taxpayer Identification Number) related services.  The service is not provided separately. 

  • Form W-7 (ITIN Application Form) Preparation
  • Passport Certificate
  • Other ID Certificate, only if applicable
  • Other ID Translation, only if applicable

Timing of ITIN Application

  • In general
    • ITIN application needs to be done upon tax return filing, i.e., Form W-7 and certified passport copy are mailed to the IRS along with Form 1040.
  • Exceptions
    • Only in the below cases, ITIN can be applied not upon tax return filing. No other exceptions are accepted.  Instead of filing Form 1040, a proof of ITIN necessity must be filed, i.e., Form W-7, certified passport copy, and a proof of ITIN necessity needs to be mailed to the IRS.  ITIN application process and proof type vary depending upon the case.
      • Individuals who are partners of a U.S. or foreign partnership that invests in the United States and that owns assets that generate income subject to IRS information reporting and federal tax withholding requirements.
      • Individuals who have opened an interest-bearing bank deposit account that generates income that’s effectively connected with their U.S. trade or business and is subject to IRS information reporting and/or federal tax withholding.
      • Individuals who are “resident aliens” for tax purposes and have opened an interest-bearing bank deposit account that generates income subject to IRS information reporting and/or federal tax withholding.
      • Individuals who are receiving distributions during the current tax year of income such as pensions, annuities, rental income, royalties, dividends, etc., and are required to provide an ITIN to
        the withholding agent (for example, an investment company, insurance company, or financial institution, etc.) for the purposes of tax withholding and/or reporting requirements.
      • Individuals claiming the benefits of a tax treaty who are either exempt or subject to a reduced rate of withholding of tax on their wages, salary, compensation, and honoraria payments, AND will be submitting Form 8233 to the payer of the income or Form W-8BEN to the withholding agent.
      • Individuals (that is, foreign students, scholars, professors, researchers, or any other individuals) receiving
        noncompensatory income from scholarships, fellowships, or grants that’s subject to IRS information reporting and/or withholding requirements during the current year.
      • Nonresident aliens visiting the United States who have gambling winnings, are claiming the benefits of a tax treaty for an exempt or reduced rate of federal tax withholding on that income, AND will be utilizing the services of a gaming official as an IRS ITIN Acceptance Agent.
      • Individuals with a home mortgage loan on real property located in the United States.
      • An individual who is a party to the disposition of U.S. real property interest by a foreign person (buyer or other transferee such as a withholding agent) or notice of non-recognition1 under Treasury Regulations section 1.1445-2(d)(2) from the transferor.
      • A non-U.S. representative of a foreign corporation who needs to obtain an ITIN for the purpose of meeting their e-filing requirements.
    • For ITIN renewal, Form 1040 does not have to be filed, i.e., only Form W-7 and certified passport should be mailed to the IRS.

 

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