Introduction to the IRS Individual Taxpayer Identification Number (ITIN)

This video provides a brief introduction of the ITIN process and its importance.

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 for those not eligible for Social Security numbers. They are issued regardless of immigration status, because both resident and nonresident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code. ITINs do not serve any purpose other than federal tax reporting.

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Chapters:

0:00 - Intro
00:47 - Disclaimer
01:04 - Who is a Certified Acceptance Agent
02:07 - What is an ITIN
04:34 - Why do we need ITIN
06:34 - What an ITIN cannot do
08:17 - Who needs an ITIN
12:57 - Who is not eligible for ITIN
18:00 - How to apply for an ITIN
21:28 - How to submit an ITIN application
25:14 - Conclusion

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