Filing for the income tax return is a must for people who satisfies the IRS criteria and have their names in the list of income tax payers. Paying income tax in necessary when one is earning in a country above a certain amount. The amount of the income tax returns varies from person to person depending upon their total income of the year. Mostly the SSN (social security number) is considered for filing income tax returns but then some people do not fulfil the criteria for getting the SSN issued.
This does not mean that the non- eligible people will not be paying the income tax returns. The Irs itin is a substitute for SSN in such cases. An individual cannot possess both SSN and ITIN at any point of time under any situation. And for those who are eligible for SSN, ITIN is never an option. The first priority is gi9ven to SSN and then comes ITIN. In case one falls under the category of tax payers then one must find out the details and apply for itin as soon as possible. This is because neglecting this process can end up in facing various issues based on legal terms and conditions.
A person who is eligible for filing income tax returns but does not have an ITIN or have not even applied for it or is not paying taxes even after having an ITIN is subjected to be punished under the law. The IRS officials use the SSN and ITIN for identifying the list of tax payers and take actions against people who refuse to pay taxes.
Applying for the individual taxpayer identification number is easy and the official web site makes it even easier as it covers all the details that a person might ever need to know. Itin application form is available online and is the key factor when a candidate wants to apply for ITIN. Here are some simple steps following which one can successfully end up receiving an ITIN number-
- Find the W7 form online and read the instructions carefully before filling up the form.
- The information filled in the form must be correct and have documents that proofs the data entered.
- The documents must be arranged in the perfect order and manner as written in the web site and the information entered in the form must be according to the documents one holds.
- Once the form and documents are ready one must attach them all together and mail it to the given address to the IRS (internal revenue service).
Once the documents and `ITIN application form is mailed to the IRS one just needs to wait until the officers complete their verification process. Once the process is complete and the applicant successfully passes the criteria for having an ITIN and ITIN number is mailed back to the applicant. Once the candidate receives the IRS ITIN, he or she can then successfully file the income tax returns every year and stay relaxed from facing any legal barriers.