Have you ever wondered what Form W-7 is? No need to wonder any longer! Form W-7 is a tax filing form used in the United States. This guide will show you everything there is to know about it.

What is Form W-7?

A Form W-7 is an application for an Individual Taxpayer Identification Number that you must complete to apply.

What is Form W-7

What is an ITIN?

An ITIN stands for Individual Taxpayer Identification Number, a nine-digit number that always begins with the number 9.

It is an alternative to Social Security Number, used for tax purposes, and was created to help people who have tax reporting or filing obligations but do not qualify for a Social Security Number. 

The ITIN is issued by the Internal Revenue Service (IRS), and it is used as an identification number for tax purposes. The IRS issues ITINs to individuals who are required to have a US taxpayer identification number but who do not have and are not eligible to obtain, a Social Security Number (SSN).

A Social Security number (SSN) is assigned by the Social Security Administration (SSA) to each person who works in the United States.

Why ITINs are necessary?

People who are authorized to work in the United States including citizens, nationals, and permanent residents can obtain a Social Security number. They use these numbers on their tax forms for identification purposes.

Non-citizens who are not authorized to work in the United States and have to file U.S. tax returns need Individual Taxpayer Identification Number.

RelatedDifference between SSN EIN & ITIN

Which Information Form W-7 Ask from You

The Form W-7 asks you to provide the following information:

  1. The reason you need an ITIN.
  2. Your name and mailing address.
  3. Your birth date and location of birth.
  4. Your country of birth.
  5. Your foreign tax ID number.
  6. Your U.S. visa number, if you have.
  7. Information about documents being submitted to verify your identity.

How to apply for Form W-7 for IRS Individual Taxpayer Identification Number

In this in-depth guide, I will help you to apply Form W-7 for IRS Individual Taxpayer Identification Number (ITIN). 

The IRS advises that an Individual Taxpayer Identification Number is for use with federal tax filings only and does not change a person’s residency or immigration status. It does not entitle someone to work in the United States. You should not apply for an ITIN unless you need it for a tax return.

To apply for an Individual Taxpayer Identification Number, you need to submit:

  • A copy of Form W-7.
  • The tax return that needs the number.
  • The person needing the number must have a valid ID.

How to Submit Form W-7 for IRS Individual Taxpayer Identification Number

You cannot submit your tax return electronically unless it is accompanied by one or more W-7 forms. 

You can submit it in person at any Taxpayer Assistance Center; most major cities have Taxpayer Assistance Centers, and there is at least one center in every state.

The IRS says it takes 6 to 10 weeks to obtain an ITIN. An ITIN will expire if it is not used on a federal tax return in the last three years. 

Conclusion

In this guide, I have explained everything you need to know about Form W-7 and Individual Taxpayer Identification Number.

But if you are completely unfamiliar with this process, you can use our services. Micahguru Formation applies for your Individual Taxpayer Identification Number on the behalf of your business.

And when they get your Individual Taxpayer Identification Number from IRS, they will forward it to you.