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What is an Individual tax ID number (ITIN), what are its benefits, and how do I get it?

Benefits Id individual ITIN tax
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What is an Individual tax ID number (ITIN), what are its benefits, and how do I get it?

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An Individual tax ID number is a number issued by the Internal Revenue Service (IRS) to record any taxes which a person who does not have a social security number owes. The benefit of using an ITIN number is that it provides an individual with a way to declare and pay taxes, even if the income earned was reported to an invalid social security number. This may serve as evidence that a person has been in the US for a period of time to demonstrate eligibility for an immigration benefit such as cancellation of removal. It also can be used to demonstrate work experience to establish eligibility for a green card based on employment, as well as to provide evidence of an employers’ ability to pay when sponsoring an employee for a green card. To obtain a tax ID number you must file application form W-7 with the IRS with evidence of identity like a copy of your passport. You will receive the number in the mail approximately within 1 to 2 months.

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