Individual taxpayer identification number (ITIN) are used in place of social security numbers. ITIN registration is done by immigrants residing in the states and also their children, spouse, and any dependents. It is used by authorities to process taxation. In the beginning often many people are ineligible for a social security number so they get an ITIN registration done. Also, people who have to get a federal identification number need that, and not just that, filing taxes is required to get an ITIN registration.
It is unconditional of your immigration status in the states as both residents and non-residents can get an ITIN registration to file their federal taxes and any other payments due. ITIN registration doesn’t give you the authorization to have legal status in the United States of America, neither does it work as an alternative for work authorization nor give you the benefits of a person with a social security number.
ITINs were started in 1996 by the Internal Revenue Service (IRS). They saw the problem that residents and nonresidents who didn’t have a social security number were unable to pay taxes to the states despite the fact that it was obligatory for them. The taxers were also unable to be identified without their unique tax number and as a result, they couldn’t file for a tax return. All of these combined created unresolvable problems for IRS in administering the taxes. To hit two birds with one stone, IRS made ITIN registration.
To help you with that problem, we will solve it for you. Our company will help you in getting an ITIN registration so you can pay your taxes and get through with everyday life without facing any hurdles.
Every year millions of people use ITIN registration number to file their taxes. About 4.5 million people used ITIN registration numbers to file taxes between the years 2012 to 2015. Over the years as many people move to USA, they need to get an ITIN in the beginning to deal with their finances. We extend our services to help you receive the ITIN registration in the shortest time possible.
Despite filing taxes many ITIN registration holders don’t get documented. Many of those people are nonresidents who don’t have a social security number but still have a federal tax filing responsibility. These filers include spouses and dependents of the individuals who have authorization to be working in the States, and nonresidents living outside of the country who must file federal taxes along with some people who are international students, educators, and are part of a research team. Despite some setbacks, it is still compulsory for you to receive an ITIN registration when you move to the USA. By using our services our experts will be by your side throughout the process. We will ensure you receive your ITIN number in the bare minimum time.
Having an ITIN registration doesn’t fall as are requisite for getting a social security number, it does not give you the eligibility to receive one. When we look at it, not being able to get a social security number is actually the reason you get an ITIN registration, not the other way around. An ITIN registration number holder can however apply to get a social security number once their stay in the united states has been legalized. And it makes the process of getting a social security number easier considering the fact you have been residing there as per law and have had your ITIN registration done. You can however still keep filing taxes using your ITIN registration if you want.
The filers using an ITIN registration are a lot in number, the taxes collected sum up to be a hefty amount. According to the internal revenue service, an amount of $9 billion was paid in annual income tax in the year 2014. On top of that, in 2015 it was reported that ITIN registration holders $5.5 billion in payroll and Medicare taxes, and $23.6 billion in total tax figures. These figures prove that getting an ITIN registration is beneficial for them as they do receive certain benefits that come along with paying these taxes. So it’s in your best interest to hire our remarkable team to get your ITIN registration ASAP.
ITIN registration holders will get through everyday life without a problem but they won’t receive the benefits of a social security number holder. A few examples of these benefits are stipends. They are ineligible to get the $1,200 covid-19 checks which were only set out for SSN holders, the CARES Act excluded them from getting a stimulus payment of US citizen spouses and children. This was however nullified later to benefit the ITIN registration holders. As per the new laws, the US spouse of an ITIN filer can receive the stimulus payment. But the relief for US citizen children of an ITIN registration holder is still excluded from the bills passed. These measures were only taken to avoid any kind of fraud that might befall residents who don’t have a legal status yet.
The attempts to allow stipends for the US children of an ITIN registration holder are still taking place in the country. It is, however, undetermined when and if it will pass.
When we weigh out the pros and cons of getting an ITIN registration the good supersedes the bad. Receiving an ITIN registration as early as possible benefits you greatly, you receive stipends, you are eligible to pay taxes, and it’s all under the roof of law so you are abiding by it. Our team knows he ins and outs of the system and understand the urgency of getting an ITIN number. They will be guiding you thoroughly on what is needed from you which is nothing much besides the proof of your identity. We will ensure that you don’t have to go through any trouble to get your ITIN number. You can just sit back and relax while we get it done for you.
