New Changes to IRS Form W-7 | AccountingWEB

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.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.