Who needs an ITIN
Non-resident owners of investments based in the United States: If you are an owner of investments in the United States but are not a resident, you will need an ITIN to fulfill your tax obligations in the country.
Owners/partners of an LLC: Foreign owners or partners of a Limited Liability Company (LLC) in the United States will also need an ITIN for tax filing purposes.
Sales of real estate involving FIRPTA: If you have sold real estate in the United States, and the transaction is subject to the Foreign Investment in Real Property Tax Act (FIRPTA), you will require an ITIN to comply with withholding and tax reporting requirements.
Recovering any withholding by the IRS: If you have had taxes withheld by the Internal Revenue Service (IRS) and wish to request a refund of those funds, you will need an ITIN to submit a refund application.
Why Contador West Palm
WE HAVE BEEN HELPING BUSINESS MORE THAN 40 YEARS OLD
SINCE 1976
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Business &
Tax SpecialistsContador America specializes in business accounting. We have become known over the years, helping entrepreneurs stand out and stay organized.
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Real Estate
AgentsWe understand all about accounting and taxes for Real Estate Investments in the USA.
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Specialists in
Non-ResidentsWe specialize in non-residents choosing to invest in real estate and business in the USA.
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# 1 in Communication
& ServicesSkype / WhatsApp / Cloud
What Do I Need to Obtain My ITIN?
The IRS does not allow everyone to apply for an ITIN. You must have a valid reason to apply for it. In most cases, this can be done when filing your personal tax return. Other situations where this may apply are FIRPTA and Section 8 Properties.
When applying, you will need:
- Scanned copy of your passport.
- Address in your country of residence.
- We are authorized by the IRS to certify passports. You don’t need to get the certification in your country! We simply need to have a video call via Skype or a meeting at our office.
- W-7 Application (we will provide you with all the completed forms with your information).
- A valid reason to apply. Filing your taxes is a sufficient reason.
How long does the ITIN Application Process Take?
The process typically takes between 3 and 4 months. However, if the U.S. government receives a high volume of applications, it may take longer. Our team always works professionally to avoid delays and optimize the time as much as possible:
- Agility and Efficiency.
- Communication and Follow-up.
- Advance Preparation.
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Introducing LeafCloud
Your Tax and Accounting Docs On the Go
We take the time to keep all of your tax and accounting docs nice and organized on the cloud. That means you can access them at anytime and from anywhere. We also make sure they are secure and backed up at all times.
- Month-to-month financial statements Each Year’s Tax Returns
- Each Year’s Patroll Reports
- Each Year’s Paystubs, W2s, and 1099s
- All your Bank Statements
- All Sales Tax Receipts
- Any Government Letters or Correspondence