An ITIN is a tax identification number only available for certain foreigners and nonresident individuals, their spouses and dependents who cannot get a SSN from the Social Security Administration (SSA).
A Certifying Acceptance Agent (CAA) is authorized by the Internal Revenue Service (IRS), to assist alien individuals and other foreign persons, who are ineligible or unable to receive Social Security Number (SSN), in obtaining an ITIN (Individual Taxpayer Identification Number) from the IRS. In addition, a CCA is also authorized to submit a Form W-7 on behalf of an applicant, without having to furnish the original documents that support foreign status and identity.
An ITIN is a tax identification number only available for certain foreigners and nonresident individuals, their spouses and dependents who cannot get a SSN from the Social Security Administration (SSA). ITINs are for federal tax reporting only, and are not intended to serve any other purpose. 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 SSNs.
The list of documents ITIN applicants might use to prove their identities include:
Madison Fund Service, Ltd. is a CAA for ITIN and will help to process ITINs primarily for H1-B, L1 and F-1 visa holders’ families in the future and we will also help foreign authors, overseas investors, etc.”
-DO NOT confuse us with Acceptance Agents (AA) or basic tax preparers who have very limited or no authority
-This is unlike an Acceptance Agent (AA) or ITIN application prepared by the taxpayer or other where you must send the original and/or certified copies to IRS
We offer complete ITIN service to include the preparation of the following forms:
As part of our package we will include:
The process for obtaining an ITIN isn’t always easy – and in early 2016 a new law passed affecting ITIN renewals. With the new law, every ITIN will now have an expiration date. So, if ITIN holders don’t renew on time, your refund could be further delayed, preventing you from claiming certain tax credits.
To renew an ITIN, an individual must submit a W-7 application package to the IRS. The package consists of Form W-7, Certificate of Accuracy for IRS Individual Identification Taxpayer Number, and numerous documents verifying the authenticity of the applicant. Taxpayers can submit their application package through a Certifying Acceptance Agent (CAA), by mail, or in person at a designated IRS service center. Many colleges and universities serve as CAAs.
Find out how we can serve you! Call (718) 829-0134 or request a free consultation.
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