EIN & ITIN
Applying for an ITIN for a child is a common issue that we frequently heard from our clients. Anyone in the United States without a Social Security Number requires an Individual Taxpayer Identification Number which is abbreviated as ITIN. This involves Non-resident and Resident Aliens dependents.
An individual taxpayer identification number is a nine-digit tax processing number issued by the Internal Revenue Service (IRS). Its format is like “9XX-7X-XXXX”. It always begins with the number “9” and has “8” or “7” in the fourth digit as you can see in the sample format above. Unlike the other forms of tax IDs, ITINs only have one purpose: tax filing and reporting. This means that having an ITIN does not allow you to take advantage of benefits such as Social Security or the Earned Income Tax Credit, immigration status, working in the United States.
ITIN is required for tax purposes such as filing a federal income tax return and obtained by individuals who are not eligible to hold a Social Security Number (SSN). According to the United States laws, it is not possible that an alien individual may hold both an SSN and ITIN. As long as you have tax and payment responsibilities to the United States, immigration status is not a consideration to receive an ITIN as well. In order to be eligible for an ITIN, you have to qualify into one of the following categories:
ITINs can be used:
The online ITIN form is a simple way for your child to receive an ITIN. After your child is issued an ITIN, when filing and reporting taxes, you can claim him/her as a dependent. There are two ways a child can obtain an ITIN.
The first one might be the best way for your child to get an ITIN. Both procedures can also be used for biological and adopted children under the age of 18, however, an adopted child needs some additional documentation.
Whichever way – mentioned above – you choose to apply for ITIN for your child, the application documents will be the same. Here are the steps you need to follow to apply for ITIN number and follow the ITIN W-7 instructions:
If your child does not have a passport, providing some documents displaying his/her foreign status and identity is required. These documents might be school records and a civil birth certificate. Issuance of ITIN may take 8-10 weeks. All original documents submitted as part of the application packet will return within 60 days of the application processing to the mailing address indicated on the ITIN W-7 form.
At einitin.com you may start your ITIN application process right now! Save time, and minimize hassle by beginning today’s application process.