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Tax and LawJuly 14, 20230

What is ITIN? How to Buy?

The Individual Taxpayer Identification Number (ITIN), which is the Individual Taxpayer Identification Number in Turkish, is a nine-digit number that anyone who needs a tax number in the United States can apply for. This number always starts with the number 9. This number always starts with the number 9.

The ITIN is assigned by the IRS to anyone who is a taxpayer in the United States but is not eligible for a Social Security Number. Anyone who lives in the U.S. or outside the U.S. but still has tax responsibility is given an ITIN. Therefore, appointments are not made according to any status.

 

Who Needs ITIN?

The ITIN is required for every citizen who is not eligible for a Social Security Number but is required to file a tax return. When you earn any kind of profit in America, you must pay the tax. So you need this number.

  • Those who want to use payment systems such as PayPal, Stripe Foreign nationals
  • or living in the United States Foreign persons who are not American citizens but
  • have an American visa Foreign persons living in the United States and with tax responsibility
  • (they pay taxes based on the number of days they stay in the United States.)
  • Persons who do not live in the United States but have tax responsibility

 

How to Get an ITIN?

The ITIN is used only for tax filing. The IRS provides for the assignment of an ITIN to individuals who do not have a Social Security Number in the United States to comply with U.S. tax laws and to make their tax payments. But there are some things you need to do. These;

  1. Fill out the W-7 forum, which you can find through the IRS, thoroughly.
  2. Write a petition introducing your company and you to be sent to IRS officials.
  3. Have a copy of your passport notarized and send the original stamped version and the petition you wrote to the IRS .
  4. At this stage, you can wait for your application to be approved.
  5. After your application is approved, you will receive a notification with your number within approximately 14 weeks.

 

Establish Your Company in America with Company Global!

The ongoing application process for obtaining an ITIN is a long and complex process. It needs to be carefully monitored. It is necessary to remember that in case of any mistakes or deficiencies, the whole process will start from the beginning and this process is quite long. Your U.S. company formation with Company Global is completed in a short time, and then the necessary documents are prepared and sent on behalf of you and your company to obtain your number and the ITIN is delivered to you.

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