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I was told that an international student with a valid student visa can obtain a TIN in the U.S. for tax purposes such as interest bearing accounts. Is that true? Please advise, thank you for your responses.

2006-11-27 06:44:53 · 4 answers · asked by Tuan N 2 in Business & Finance Taxes United States

4 answers

Yes.

The information below is from the IRS web site noted below. This is an exerpt. Follow the link for the full discussion.

ABOUT ITINS

What is an ITIN?
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. It is a nine-digit number that always begins with the number 9 and has a 7 or 8 in the fourth digit, example 9XX-7X-XXXX.
IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).
ITINs are issued regardless of immigration status because both resident and nonresident aliens may have U.S. tax return and payment responsibilities under the Internal Revenue Code.
Individuals must have a filing requirement and file a valid federal income tax return to receive an ITIN, unless they meet an exception.

What is an ITIN used for?
ITINs are for federal tax reporting only, and are not intended to serve any other purpose. An ITIN does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned Income Tax Credit. ITINs are not valid identification outside the tax system.
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.

Who needs an ITIN?
IRS issues ITINs to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs. A non-resident alien individual not eligible for an SSN, who is required to file a U.S. tax return only to claim a refund of tax under the provisions of a U.S. tax treaty, needs an ITIN.
Examples of individuals who need ITINs include:

Non-resident alien filing a U.S. tax return and not eligible for an SSN
U.S. resident alien (based on days present in the United States) filing a U.S. tax return and not eligible for an SSN
Dependent or spouse of a U.S. citizen/resident alien
Dependent or spouse of a non-resident alien visa holder
How do I know if I need an ITIN?
If you do not have an SSN and are not eligible to obtain an SSN, but you have a requirement to furnish a federal tax identification number or file a federal income tax return, you must apply for an ITIN. By law, an alien individual cannot have both an ITIN and an SSN.
IRS processes returns showing SSNs or ITINs in the blanks where tax forms request SSNs. IRS no longer accepts, and will not process, forms showing "SSA205c," "applied for," "NRA," blanks, etc.

Are ITINs valid for identification?
No. ITINs are not valid identification outside the tax system. Since ITINs are strictly for tax processing, IRS does not apply the same standards as agencies that provide genuine identity certification.
ITIN applicants are not required to apply in person, and IRS does not further validate the authenticity of identity documents. ITINs do not prove identity outside the tax system, and should not be offered or accepted as identification for non-tax purposes.

2006-11-27 07:55:39 · answer #1 · answered by Andreas 3 · 0 0

A Schengen visa won't help as Switzerland isn't interior the ecu. the place do you come from? The Swiss are terrible to foreigners so do not take any possibilities on slipping in ignored.

2016-10-13 05:26:24 · answer #2 · answered by ? 4 · 0 0

Andreas gave a much better answer than I will. As I understand it, not only can you get a TIN, I think you are required to if you have any US source income.

2006-11-27 10:36:05 · answer #3 · answered by STEVEN F 7 · 0 0

yes

2006-11-27 07:51:45 · answer #4 · answered by anne 3 · 0 0

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