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The IRS uses your Social Security Number when submitting your personal tax return, but your SSN may also be used to prove your identity on medical or educational forms. 2. Individual Tax ID Number
For example, to obtain a Social Security Number (SSN), individuals must complete Form SS-5 and submit it to the Social Security Administration. Typically, this application requires documentation ...
Internal Revenue Code section 6109(d) provides: "The social security account number issued to an individual for purposes of section 205(c)(2)(A) of the Social Security Act [codified as 42 U.S.C. § 405(c)(2)(A)] shall, except as shall otherwise be specified under regulations of the Secretary [of the Treasury or his delegate], be used as the ...
An ITIN application cannot be filed electronically (efile). The application must be attached to a valid federal income tax return unless the individual qualifies for an exception. The ITIN program was created in July 1996 for the purpose of allowing tax return filing by individuals without a Social Security Number (SSN).
The provision was first enacted as part of the revision of the Tax Code in 1954. This authority was broadened in 1961 by 26 USC 6109. An EIN is usually written in form 00-0000000 whereas a Social Security Number is usually written in the form 000-00-0000 in order to differentiate between the two. There are EIN Decoders on the web that can ...
The IRS issues ITINs to help individuals comply with 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 ...
The Preparer Tax Identification Number was created in 1999 to protect the privacy of tax return preparers. Preparers were required to sign the tax forms they prepared and provide their Social Security Numbers. Starting with the 2000 tax season, the IRS gave preparers the option of using either their SSNs or PTINs. [1]
Make sure you're both on the same page about how you'll handle the account. ... interest earned on your joint account on your shared tax return. You don't need to worry about who earned what ...