US Tax Numbers
The federal Employer Identification Number (EIN) is a unique nine-digit tax number assigned to domestic and foreign entities as a mean of identification within the tax system. It is used to file tax and information returns, prepare withholding statements, and for all other submissions to the IRS.
Foreign individuals who do not qualify for a Social Security Number, but have US tax filing or reporting requirements, are required to file for and obtain an Individual Taxpayer Identification Number (ITIN). The ITIN is a nine-digit number that is used to identify the foreign individual within the US tax system.
Our tax experts specialize in EIN applications for foreign-based entities with US tax filing and reporting requirements and US entities with foreign owners. We also assist foreign individuals with the ITIN application process and all required submissions to the IRS.
Domestic and foreign-based entities engaged in a trade or business in the USA are required to apply and obtain a federal and often a State Employer Identification Number (EIN). Moreover, the EIN could be required to avoid backup withholding tax on payments from sources within the United States. Because of the substantial differences between international tax laws, the proper classification of the entity is an essential factor that influences the EIN application and the subsequent tax liability.
Our EIN specialists contest all these issues, aiming to release your EIN in less than 48 hours! We provide a number of EIN related services, including
- Completion and submission of Form SS-4 "Application for Employer Identification Number"
- Classification of a foreign-based entity in compliance with the US classification rules
- EIN assistance to US entities with foreign owners
- Preparation and submission of Form 8832 "Entity Classification Election"
- All State EIN applications
- All required returns and disclosures
Form W-7 & ITIN Applications
A prerequisite for a successful ITIN application is a federal tax filing or reporting obligation and ineligibility for a Social Security Number. For instance, foreign citizens claiming a reduced rate of withholding tax or a refund of over-collected federal taxes may need an ITIN. Foreign citizen spouse and dependents of US citizens and residents, filing a joint return together, may also qualify for an ITIN.
Form W-7 "Application for IRS Individual Taxpayer Identification Number" is used to obtain an ITIN. Most ITIN applicants are also required to attach a valid income tax return to the application form. However, there are limited “exceptions,” under which an ITIN is released before the date a tax return is due. The ITIN applicant is required to supply supportive documents and information to establish eligibility for one of the exceptions.
Further, the W-7 application must be supplemented by original or certified copies of documents that are sufficient to establish the applicant’s foreign status and identity. Detailed information about all acceptable identification documents is available in the IRS Publication 1915 “Understanding your IRS ITIN.” Because of the complex procedures adjacent to the ITIN application process, we provide a wide-range of ITIN supporting services, including
- Completion of Form W-7 "Application for IRS Individual Taxpayer Identification Number"
- Individual and family renewal of ITINs that expired under the PATH Act
- Dealing with exceptions to the general ITIN application requirements
- Assistance with certification of identification and foreign status documents
- Preparation of all required tax returns and disclosures
- ITIN advisory and preparation of acceptable supporting documents
- Resolving CP 566 suspension & CP 567 rejection notices
Should you wish to register for our EIN & ITIN services, you may do so at any time. Did not find what you were looking for? Ask your questions and get a free quote with more information about how we can assist you further. You may also contact us directly.