Form an LLC, Corporation, Get Your EIN, ​or ITIN, and more

Note: 

• By default, your SINGLE-MEMBER LLC is treated as a disregarded entity, therefore, must file a yearly Schedule C with your Form 1040. 
• If your SINGLE-MEMBER LLC will be treated as an S-Corp for tax purposes, it must file a yearly Form 1120S. 
  
• If your SINGLE-MEMBER LLC will be treated as an C-Corp for tax purposes, it must file a yearly Form 1120C. 
  

Note: 

• By default, your MULTI-MEMBER LLC is treated as a partnership, therefore, must file a yearly Form 1065 and one of its members must sign the return. 
• If your MULTI-MEMBER LLC will be treated as an S-Corp for tax purposes, it must file a yearly Form 1120S. 
  
• If your MULTI-MEMBER LLC will be treated as an C-Corp for tax purposes, it must file a yearly Form 1120C. 
  

Supporting Documentation Requirements

The documentation you provide must meet the following requirements. 

• You must submit documentation to establish your identity and your connection to a foreign country (“foreign status”). Applicants claimed as dependents must also prove U.S. residency unless the applicant is from Canada or Mexico or the applicant is a dependent of U.S. military personnel stationed overseas. 
• You must submit original documents, or certified copies of these documents from the issuing agency, that support the information provided on Form W-7. A certified document is one that the original issuing agency provides and certifies as an exact copy of the original document and contains an official stamped seal from the agency. You may be able to request a certified copy of documents at an embassy or consulate. However, services may vary between countries, so it’s recommended that you contact the appropriate consulate or embassy for specific information. 
• The documentation you provide must be current (not expired). 

Internal Revenue Service 

ITIN Operation 

P.O. Box 149342 

Austin, TX 78714-9342 

Every business and every individual person in the U.S. needs a tax identification number for TAX PURPOSES. The U.S. government and the IRS wants to be certain anyone who earns money pays taxes.

An Individual Taxpayer Identification Number (ITIN) is a tax ID number for individuals who are required to have a U.S. Taxpayer Identification Number but are not eligible to get a Social Security Number (SSN). We can assist foreign individuals in getting their ITIN number by authenticating their identify and filing the required documents.

As for a Social Security Number (SSN), they are available to all United States citizens, permanent resident aliens and temporary residents authorized to work through a work permit.

An ITIN is issued by the IRS and is needed to file taxes and open a U.S. bank account when a Social Security Number (SSN) is not available. An ITIN is easy to identify, as it always begins with the number “9.”

An ITIN does not qualify a person to legally work in the United States and it does not provide eligibility for Social Security benefits. ITIN’s are issued by the Internal Revenue Service for the following U.S. resident status:

• Foreign nationals who do not qualify for Social Security Numbers but who have U.S. federal tax reporting requirements
• Non-resident aliens not eligible for a Social Security Number who are required to file a United States tax return
• Resident aliens filing a U.S. tax return
• Dependents or spouses of U.S. citizens or resident aliens who have U.S. federal tax reporting requirements
• Dependents or spouses of a non-resident alien visa holder who have U.S tax reporting requirements

Dependents will also need an ITIN since they are listed on the tax form.

You need to make sure you file your annual income tax return or else your ITIN will expire. The IRS states ITINs not used on a federal tax return at least once in the last three years will expire.