New Changes to IRS Form W-7

Resident and non-resident aliens applying for an Individual Taxpayer Identification Number must soon use a newly revised Form W-7.

The new application forms will request additional information. The applications are now available in both English and Spanish on www.irs.gov. The English language version, Form W-7 and the Spanish language version, Form W-7 (SP) is also available at IRS offices.

Along with their application, applicants must also submit documents proving their alien status and their identity. Individuals can submit their application at an IRS Taxpayer Assistance Center (TAC), mail the documentation to the Internal Revenue Service, Philadelphia Service Center, ITIN Unit, P. O. Box 447, Bensalem, PA 19020, or process the application through an IRS authorized acceptance agent.

The IRS issues the nine-digit numbers to individuals who must have a U.S. taxpayer identification number but who aren’t eligible for a Social Security number. ITINs are for tax purposes only and don’t affect immigration status, authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned Income Tax Credit.

You may like these other stories...

As mentioned in today’s “Bramwell’s Lunch Beat” via an article from the USA Today, a new report from the Treasury Inspector General for Tax Administration (TIGTA) found that the IRS doled out $2.8...
London Stock Exchange switches auditing to EYThe London Stock Exchange will drop PwC as its auditor and replace it with EY after completion of the audit for the year ending March 2014, Harriet Agnew of the Financial Times...
With tax season in the past, it's time to think about the tax implications of decisions your clients may be making about their homes in 2014. The rules are complicated and because of the huge amounts involved, the...

Upcoming CPE Webinars

Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.
May 1
This material focuses on the principles of accounting for non-profit organizations’ expenses. It will include discussions of functional expense categories, accounting for functional expenses and allocations of joint costs.