Tag: U.S. tax system

Feb 01
Understanding the Purpose and Importance of an ITIN (Individual Taxpayer Identification Number)

An Individual Taxpayer Identification Number (ITIN) is a unique tax identifier assigned by the Internal Revenue Service (IRS) to individuals who are required to have a U.S. taxpayer identification number but are not eligible for a Social Security Number (SSN). The ITIN serves a crucial role in the U.S. tax system, facilitating tax compliance for […]