Who needs an ITIN?

If you are in those basic categories, you might be wondering “What do I need to get an ITIN number?” Luckily, the information about applications is easy to follow if you go step-by-step. What can be a little more challenging is the W-7 application itself. That’s why ITIN W-7 Application provides you with an easy-to-follow list of documents to be submitted for ITIN approval. These documents support the application by verifying vital information for the IRS.

Investigating Exceptions

Those who want to investigate ITIN exceptions to see if they need TIN number approval before tax returns are due this year should check out the link. Exceptions allow you to file for an ITIN without a federal income tax return form in the application package. They are important for applicants because they establish the conditions by which first-time applicants can seek numbers when they have not had tax obligations in prior years. Common reasons for exceptions include:

-Passive income, like that provided through owning an LLC

-Students on scholarship or grants

-Individuals with gambling income in the U.S. and no other tax obligation

There are individual requirements and sub-categories to each of these major exception categories, so make sure you review the full list of exceptions at the link.