An ITIN is a special number that the IRS gives to people who need a number but don’t have one. It stands for Individual Taxpayer Identification Number. You need an ITIN if you want to pay taxes in the United States. You need an ITIN if you want to pay taxes in the United States.
To get an ITIN you need to fill out a special form called as W-7 and send it to the IRS by yourself with supporting documents or by an approved CAA ( Yes, We are Certified Acceptance Agent).
Many people form a company to get ITIN or they try to get ITIN. However if you have a U.S. bank account and you get interest with this bank account, we can apply ITIN.
How to become an eligible to get ITIN with a U.S. Bank account?
- Individuals who have opened an interest-bearing bank deposit account that generates income that’s effectively connected with their U.S. trade or business and is subject to IRS information reporting and/or federal tax withholding; or
- Individuals who are “resident aliens” for tax purposes and have opened an interest-bearing bank deposit account that generates income subject to IRS information reporting and/or federal tax withholding; or
Which Documentation you must submit if you’re eligible to claim?
An original signed letter from the bank on its official letterhead, displaying your name and stating that you’ve opened a business account that’s subject to IRS information reporting and/or federal tax withholding on the interest generated during the current tax year.