The question “when does a non-US person need to get an ITIN” is often asked by our clients. Let us explain what an ITIN exactly means:
An ITIN is an Individual Taxpayer Identification Number. ITIN is different from an Employer Identification Number which is abbreviated as EIN which is used for companies’ tax purposes (such as Limited Liability Company, LLC or Corporations). An ITIN is for individuals, it is essentially an equivalent of a Social Security Number (SSN). The citizens and the residents of the United States of America get an SSN which gives them the entitlement to work.
An ITIN is for people to that might need a U.S. taxpayer id number, for instance; if:
The process for getting an ITIN is not the easiest, in fact, it has gotten a little harder over the years because of some fraud that has happened with people getting ITINs.
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