The ITIN number is issued by the IRS to certain resident and nonresident individuals, who are required to have an identification number for tax purposes, but don’t have or are not eligible for a Social Security Number. And lucky for you, this is one of our many specializations.
• You should complete ITIN application form as soon as you are ready to file your federal income tax return, since you need to attach the return to your application.
• If you meet one of the exceptions to the tax filing requirement, make sure your submit ITIN application form along with other documents that prove your identity and foreign status and substantiate your qualification for the exception.
• You can apply for an ITIN any time during the year. However, if the tax return you attach to ITIN application form is filed after the due date of the return, you may be penalized. So, make sure you file your current year’s return within the prescribed due date.