What Is Tax Identification Number? How To Get Your TIN?
A Tax Identification Number (TIN) is a unique nine-digit identifier used by the IRS for tax administration and compliance purposes.
Different types of TINs include SSN (Social Security Number), EIN (Employer Identification Number), ATIN (Adoption Taxpayer Identification Number), ITIN (Individual Taxpayer Identification Number), and PTIN (Preparer Taxpayer Identification Number).
To obtain an Individual Taxpayer Identification Number (ITIN), individuals must fill out IRS Form W-7, provide proof of identity and alien/foreign status, and submit federal income tax returns.
TINs play a crucial role in tax reporting, and it's important to note that using an ITIN may affect eligibility for certain tax credits, such as earned income tax credits.
Different TINs, including SSNs, EINs, ATINs, and PTINs, serve various tax-related purposes and have specific application processes, making them essential for tax compliance and reporting.