Individual Taxpayer Identification Number (ITIN)
An Individual Taxpayer Identification Number (ITIN) is crucial for foreign individuals ineligible for a Social Security Number but who need to file U.S. taxes. ITINs are issued by the IRS and are used primarily for reporting and tax purposes. Having an ITIN is necessary for foreign property owners who must comply with FIRPTA requirements. Properly obtaining and using an ITIN ensures that taxes are correctly filed and minimizes potential penalties. Tax experts can assist with the application process to simplify compliance with U.S. tax laws.
https://firptataxreturns.com/itin-c-a-a-services/
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