What is the purpose of Form W7?
An individual could obtain ITIN issued by the IRS by submitting a form W7 to the IRS. An Individual Taxpayer Identification Number (“ITIN”) is a must for those who are not eligible to receive a Social Security Number (“SSN”). ITIN is mainly used for tax purposes and identifying before the Internal Revenue Service (“IRS”).
Before explaining the form W7, we would like to draw your attention to the fact why ITINs are important. For instance, a non-U.S. citizen who has no work authorization but in return a has income from a U.S. source is still liable to file tax returns. While filing these tax returns, one must also identify oneself before the IRS. This is where ITIN becomes essential.
Every ITIN has nine digits and starts with 9; therefore, it is easy to identify these numbers. anyone who got this number does not have a right to work for residency in the US. This is a common misunderstanding about the ITIN. Also, these people cannot benefit from social security rights in the US, as well. This number is provided by the IRS (Internal Revenue Services) and only used for tax purposes.
So, in order to obtain ITIN, the Form W-7 is required to be used.
In the W-7 Form, you are expected to fill the following information:
- The reason for applying an ITIN
- The name, mailing address and, if different, foreign address
- Date of birth date and location of birth
- Applicant’s country of origin
- Foreign tax ID number, if he or she has one
- The applicant’s U.S. visa number, if applicable.
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