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Getting an ITIN through a Certifying Acceptance Agent
What is an ITIN?An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who are not eligible to obtain a Social Security number (SSN) from the Social Security Administration. This includes non-United States citizens and individuals who have not been admitted by the United States for permanent residence or received authorization for employment.
The IRS issues ITINs to help individuals comply with the U.S. tax laws and to provide a means to efficiently process and account for tax returns and payments. ITINs are issued to both resident and nonresident aliens, regardless of immigration status.
ITINs do not serve any purpose other than federal tax reporting. An ITIN does not indicate entitlement to social security benefits. It also does not change immigration status or provide the right to work in the United States.
An ITIN is a nine-digit number that begins with the number 9 and has a range of numbers from 50 to 65, 70 to 88, 90 to 92, and 94 to 99 for the fourth and fifth digits. It is formatted similarly to a Social Security number, making it easy to use in tax-related documentation.
Who needs an ITIN?
If you are a non-U.S. citizen and are required to file a U.S. federal income tax return but are not eligible for a Social Security Number, you will need an ITIN. This includes individuals who earn money in the United States, such as nonresident aliens, as well as spouses and dependents of U.S. citizens or resident aliens. You may need an ITIN if you are a nonresident alien who is not required to file a U.S. federal income tax return but needs to file Form 8843 (Statement for Exempt Individuals) or Form 3520 (Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts).
Here are examples of situations where an ITIN is needed:
- A nonresident alien individual claiming reduced withholding under an applicable income tax treaty.
- A nonresident alien individual not eligible for an SSN who is required to file a U.S. federal tax return, or who is filing a U.S. federal tax return only to claim a refund.
- A nonresident alien individual not eligible for an SSN who elects to file a joint U.S. federal tax return with a spouse who is a U.S. citizen or resident alien.
- A U.S. resident alien who files a U.S. federal tax return but who isn’t eligible for an SSN.
How to get an ITIN: Form W-7
The applicant completes and mails Form W-7 to the IRS in order to apply for an ITIN. Documentation must be mailed to the IRS along with Form W-7 to establish identity and foreign status. This includes an original or certified copy of a passport or a combination of other specified documents. To qualify as a certified copy, the document must be from the original agency that issued the document and contains an official stamped seal from the agency. Notarized copies will not be accepted. All documents mailed to the IRS with Form W-7 must be current and not expired). Unless certain exceptions apply, a completed US federal income tax return must also be mailed to the IRS with Form W-7.
ITIN Application Process
Once Form W-7 is submitted to the government, including all supporting documentation and a tax return, the IRS will return the original documents to the applicant within 60 days. While the IRS usually responds to ITIN applications in about 7 weeks, processing time increases to 9-11 weeks for applications submitted during peak processing periods (January 15 through April 30) or for those filing from overseas.
Why use a Certifying Acceptance Agent (CAA)?
Using a Certifying Acceptance Agent (CAA) can significantly streamline the ITIN application process. A CAA is authorized by the IRS to assist non-U.S. citizens in obtaining ITINs correctly. They can verify your original identification documents, such as passports, and submit your ITIN application on your behalf.
A Certifying Acceptance Agent (CAA) can save you time and reduce the risk of errors and application rejections. Additionally, a CAA provides expert guidance throughout the application process, ensuring that you meet all necessary requirements and avoid common pitfalls.
Certifying Acceptance Agents undergo formal forensic document training to equip them with the skills necessary to assess the authenticity of various identification documents, ensuring that fraudulent items are identified and rejected.
How much are a Certifying Acceptance Agent's fees?
The fee structure for CertifyingAcceptance Agents (CAAs) can vary significantly based on several factors, including CPA or EA status, geographic location, the complexity of the ITIN application, and the level of service provided. On average, the fees for a CAA to assist with an ITIN application can range from $275 to $900. This fee typically covers the verification of original identification documents, completion and submission of Form W-7, and any additional guidance needed throughout the application process.
It’s important to note that while CAAs charge a fee for their services, their expertise can help ensure the ITIN application is completed accurately and efficiently, potentially saving applicants time and reducing the risk of application rejections due to errors.
Ultimately, while the cost of hiring a CAA may be an additional expense, the investment can provide valuable peace of mind and confidence in navigating the complexities of the ITIN application process.
At Unquoting Insurance Company, we charge $900 per application.
Contact Us
Here at Unquoting Insurance Company, we keep a Certifying Acceptance Agent on staff. You may schedule an appointment here or call us at 1-888-928-9324. We accept Visa, Mastercard, American Express, Klarna, and Afterpay. We also accept payments in person.