What's the diffrence between a social securtiy number and tax I.D. number?
Answer:
TAX ID only works for paying taxes, to get a refund. They are used for people that do not yet have one, but want to pay taxes for example, a friend of mine married an illegal immigrant, they filed for his residency, that took them about a year and a half to even get their appointment at the embassy, during that time he worked and reported his taxes with a TAX ID Number (TIN) so that he can provide that info to the Govt, and get a return on the taxes he spent in to him and his wife.
A tax ID number is what businesses have so that they don't have to pay sales tax on supplies and I believe that it is required to collect sales tax also.
tax i.d numbers are used if you have a business and tax purpsoses
your social security number pays into social security. And tax
I.D. number would just tell who you are. And if you have paid
any taxes.
A Tax ID number is used for immigrants until they they become a legal alien or a citizen. A SS number is issued to each American citizen at birth. I just went Thur all this because my wife is from Canada.
Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. It is a nine-digit number that always begins with the number 9 and has a 7 or 8 in the fourth digit, example 9XX-7X-XXXX.
IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).
ITINs are issued regardless of immigration status because both resident and nonresident aliens may have U.S. tax return and payment responsibilities under the Internal Revenue Code.
Individuals must have a filing requirement and file a valid federal income tax return to receive an ITIN, unless they meet an exception.
What is an ITIN used for?
ITINs are for federal tax reporting only, and are not intended to serve any other purpose. An ITIN does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned Income Tax Credit. ITINs are not valid identification outside the tax system.
IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security Numbers.
Who needs an ITIN?
IRS issues ITINs to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs. A non-resident alien individual not eligible for an SSN, who is required to file a U.S. tax return only to claim a refund of tax under the provisions of a U.S. tax treaty, needs an ITIN.
Examples of individuals who need ITINs include:
Non-resident alien filing a U.S. tax return and not eligible for an SSN
U.S. resident alien (based on days present in the United States) filing a U.S. tax return and not eligible for an SSN
Dependent or spouse of a U.S. citizen/resident alien
Dependent or spouse of a non-resident alien visa holder
you can not work on a tax ID, but you can buy a house, pay taxes, transact business etc.... a social secuirty number is only given to legal residents or non-immigrants who have permission from immigration to work.... the tax id is given to anyone who needs to transact any business or pay taxes or anything that requires a social security number other than work and collect any thing from the goverment like like social security etc.... you need a tax id when you filing your morgage interest on your home each year if you are a non-resident, or if you own a business and do not live in the US etc....
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