An Particular person Taxpayer Identification Quantity (ITIN) is a tax processing quantity issued by the Inner Income Service (IRS) to people who wouldn’t have, and will not be eligible to acquire, a Social Safety Quantity (SSN). It’s used for tax reporting functions solely and doesn’t authorize employment or present eligibility for any public advantages.
ITINs are important for non-resident aliens, reminiscent of international college students, employees, or spouses of U.S. residents or residents, who have to file U.S. tax returns. It permits them to pay their taxes legally and keep away from penalties and curiosity costs.
