IRS Tax ID Number ITIN
It seems that more than a few readers end up here on FinanceGourmet because they are searching for information about taxpayer identification numbers. As a result, they end up here where I discuss IRS tax id numbers for businesses, specifically, the EIN and FEIN numbers. While that article is a good discussion of business tax numbers, it leaves out an important tax identification number for individuals. ITIN Individual Taxpayer Identification Number For most people, your taxpayer id number is your Social Security number. The IRS requires to use your SSN for tax filing purposes if you have one. However, there are some people who need a tax id number to file documents or forms with the IRS, who do not have a Social Security number, and who cannot get one. For these people, the IRS offers a special Taxpayer Identification Number or ITIN. An ITIN is a faux Social Security number generated by the IRS specifically for the purposes of filing required tax documents. It is not a Social Security number and is not supposed to be used as one. Obviously, as a pseudo-SSN, it cannot be used for employment purposes or for filing for Social Security benefits. Likewise, is …