How to Obtain an ITIN

How to Obtain an ITIN

In the previous post we discussed what an Individual Taxpayer Identification Number (ITIN) is and what it is used for. In this post we’ll discuss the process of applying for an ITIN. To obtain an ITIN you must file Form W-7: Application for IRS Individual...
What Is an ITIN?

What Is an ITIN?

Individual Taxpayer Identification Numbers (ITINs) are tax processing numbers issued by the IRS. They are available for taxpayers who need an identifying number but are not eligible to obtain a Social Security Number. Whether they are required to be provided to third...
Offshore Voluntary Disclosure Program

Offshore Voluntary Disclosure Program

This final installment of this blog series will discuss taxpayers who willfully have not disclosed foreign accounts or paid taxes. Taxpayers who want assurance that they will not be subject to criminal liability and/or substantial monetary penalties should consider...
Streamlined Filing Compliance Procedures

Streamlined Filing Compliance Procedures

In this International Tax Blog series we have been discussing the implications of failing to disclose foreign accounts to the U.S. government. The required form to disclose foreign accounts is FinCEN 114, Report of Foreign Bank and Financial Accounts, commonly...