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If you are a migrant, but you live in USAthere are certain obligations that you must fulfill and one of them has to do with the ITIN. What is it, what does it mean, what is it for and how can I get it out? Here we answer all these questions, so that you can start with one of the formalities most important things foreigners residing in the American Union have to do. Take note!
Live in USA It is the dream of many foreigners and it is for several reasons, but mainly because they want to improve their quality of life and have more job opportunities. But once you are in US territory it is very important to know its laws and a large part of these have to do with foreigners living in the American Union. The immigration authorities are very strict about that.
That is why one of the first formalities What migrants should do when they arrive USA to live is the ITINsomething that is little talked about but that if you do not have, you can cause a lot of problems with the authorities and cause them to take extreme measures against you. But what is the ITIN and why is it so essential? Its main purpose has to do with federal tax obligations.
That is, it allows individuals who are not citizens or permanent residents of the USA comply with their tax obligations; This includes people who reside abroad but have income subject to tax in the United States, as well as certain dependents and spouses of US citizens and permanent residents. Learn more about this below Procedure!
What does the ITIN mean?
He ITIN (Individual Taxpayer Identification Number) is a tax identification number that the Internal Revenue Service (IRS) of USA It is assigned to people who are not eligible to obtain a Social Security number, but who need to file taxes in the country. The ITIN is used primarily for tax purposes and does not grant any right to work in the United States or Social Security benefits.
He ITIN is designed for people who are not eligible to obtain a Social Security number and is made up of a nine-digit number that follows a specific format (which begins with the number “9”, formatted like a social security number, i.e. say, NNN-NN-NNNN) and is issued regardless of the immigration status of the person in USA.
What is needed to obtain the ITIN number?
To obtain a ITIN IRS Form W-7 must be completed and provide documentation that justifies the need to have it. At the time of Procedureit is important to show your passport or other identification document. The application process can be complex and a bit time-consuming, so we recommend seeking the help of a tax professional to guide you on the subject.
It is important to point out that the Procedure of the ITIN does not grant any right to work in the USA nor health insurance benefits. Its sole purpose is to allow people to comply with their tax obligations and pay their taxes, so that they do not have problems with the law later; It is also not valid for identification purposes outside the federal tax system, so it should not be used as personal identification.