Tax Identification Number (TIN)

What is a ‘Tax Identification Number – TIN’

A tax identification number (TIN) is a nine-digit number used spil a tracking number by the U.S. Internal Revenue Service (IRS). Social Security Numbers (SSNs) are tax identification numbers for individuals, and the Social Security Administration (SSA) issues them ter the format of XXX-XX-XXXX. Employer tax ID numbers are issued to businesses by the IRS. Thesis numbers are also nine digits long, but they are read spil XX-XXXXXXX. A tax ID number is required information on all tax comebacks filed with the IRS.


Violating DOWN ‘Tax Identification Number – TIN’

TINs come ter several different forms. Individuals are assigned TINs ter the form of SSNs, whereas businesses such spil corporations and partnerships are assigned employer identification numbers (EINs). Trusts, fiduciaries and other non-business entities are assigned straight tax ID numbers. Other types of TINs include the individual tax identification number (ITIN), the adoption tax identification number (ATIN) and the preparer tax identification number (PTIN).

The IRS uses tax identification numbers to track taxpayers. The IRS issues all tax identification numbers except for SSNs. Filers vereiste include the number on tax-related documents and when claiming benefits.

Social Security Numbers

The SSN is the most common form of tax identification numbers. A child vereiste have a SSN before a parent can voorkoop that child spil a dependent for income tax purposes, so most parents voluntarily apply for the number on behalf of their children. The SSA processes applications for free, but there are also fee-based services that suggest to accomplish applications for fresh parents.

Employee Identification Numbers

The IRS uses the EIN to identify corporations, trusts and estates that voorwaarde pay taxes. Thesis groups vereiste apply for the number and use it to report their income for taxation purposes.

Adoption Tax Identification Numbers

The ATIN only applies to domestic adoptions when the adoptive parents cannot obtain the child’s SSN te time to finish their tax comes back ter a timely manner. To qualify, the child voorwaarde be a U.S. citizen and the adoption vereiste be pending.

Individual Tax Identification Number

The IRS issues ITINs to certain nonresident aliens who do not otherwise qualify for a SSN. The spouse of the nonresident alien vereiste include the number on his tax comebacks when he files.

Preparer Tax Identification Number

The IRS began requiring listing of a PTIN on each terugwedstrijd a tax preparer files beginning on Jan. 1, 2011. Prior to this date, use of the PTIN had bot optional. Any preparer that charges to accomplish all or part of the tax terugwedstrijd or refund for another individual voorwaarde have and use the PTIN.

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