This is one of the most frequently asked questions from our clients. So let’s explain what an ITIN exactly implies.
ITIN is the acronym for Individual Taxpayer Identification Number. You should remember the difference between an ITIN and an EIN. EIN refers to Employer Identification Number and is used primarily for an organization’s tax purposes. On the other hand, ITIN is for individuals and can also be termed as equal to a Social Security Number. The residents or the native citizens of the USA get an SSN which entitles them to work in the country.
An ITIN is for those individuals who would require a US taxpayer ID. Here are some of the conditions under which one might need an ITIN.
Always remember that the procedure of obtaining an ITIN is not the simplest. That’s why we recommend you to consult with us before you embark on the process of obtaining an ITIN. So contact us today!