What Can I Do With an ITIN?

 

Today we’re going to be talking about what can you do with your ITIN.

Hey, is this Sina Bonabi from EIN Express. I’m an IRS Certifying Acceptance Agent, and I’m both trained and authorized by the IRS to help non-U.S. citizens all over the world, just like you, to successfully get their EINs and their ITINs for them.

We’ve assisted over 2,240 non-U.S. citizens to successfully get their EINs and ITINs, and we’d love to help you get yours too.

So, today we’re going to be discussing what can you do with your ITIN.

I know that traditionally people always think about an ITIN and they think, “Okay, it’s just for tax returns and bank accounts.”

And yes, that’s true.

You need your ITIN to file tax returns and pay taxes and also to open up accounts, but there are a plethora of other reasons that you need your ITIN for as well too.

Bank accounts, like we just mentioned, to open up your bank account or even your business bank account, in some cases, you need your ITIN.

ITIN Application Explained (How to Get Your ITIN Quickly in 2020!)

 

Need an ITIN? Get Your ITIN Here!

Individual Taxpayer Identification Number (ITIN) is a tax ID number individuals who are required to have a U.S. Taxpayer Identification Number but who do not have one and are not eligible to get an SSN must apply for.

You need an ITIN to file your taxes and open a U.S. bank account when you don’t have a Social Security Number (SSN).

It is possible to apply for ITIN regardless of immigration status (it doesn’t matter if you don’t have an SSN or if you’re an illegal immigrant) because both residents and non-resident aliens may have a US filing or tax reporting requirement.

ITIN serves as your tax identification number for:

  • Filing your taxes
  • Receiving tax return from the IRS
  • Opening a U.S. bank account

Great news!

As IRS Certifying Acceptance Agents, we’re trained and authorized by the IRS to assist foreign individuals who don’t qualify for a Social Security Number get their ITIN quickly.

We’ve assisted hundreds of non-U.S.

Can an Illegal Immigrant Get a Tax ID Number?

Can an Illegal Immigrant Get a Tax ID Number?

You might be wondering, can an illegal immigrant get a tax ID?

The answer is that Illegal immigrants can get a Tax ID number.

This number will primarily be used to allow you to file and pay your taxes. However, it has other benefits such as allowing you to get a bank account, credit card, and in some cases a mortgage.

 

What Are the Different Types of Tax ID Numbers?

The three types of Tax ID numbers are Social Security Number (SSN), Employee ID Number (EIN), and Individual Taxpayer ID Number (ITIN).

Below I will briefly go over the differences between Tax ID numbers.

  • SSN: This is the most commonly used Tax ID number that also determines Social Security and Medicare eligibility.
  • EIN: This number is used by businesses and the self-employed when filing business taxes.
  • ITIN: This Tax ID is for those who are illegal immigrants and U.S. residents who don’t qualify for a social security number.

 

How To Get an ITIN

The quickest way to get your ITIN is via EIN Express.