ITIN
Relocation · Reinvent NY glossary
An Individual Taxpayer Identification Number is a tax processing number issued by the IRS to individuals who need to file US taxes but are not eligible for a Social Security Number. ITINs are commonly used by non-resident investors who own US real estate, foreign spouses of US citizens, and dependents. Application requires Form W-7 plus a federal tax return. Processing takes 7-11 weeks. ITINs do not authorize work, do not provide eligibility for Social Security benefits, and do not change immigration status. They expire if not used on a tax return for 3 consecutive years.
Related Terms
Related Articles
- →The Surrey Residences: Condos Above a Corinthia Hotel
The Surrey Residences at 20 East 76th Street: 14 condominium homes above a 1926 Upper East Side hotel, and what buying one as an overseas purchaser involves.
- →109 East 79th Street: A Steven Harris Condominium
109 East 79th Street, between Park and Lexington Avenues: a limestone and brick condominium by Steven Harris Architects, and what buying there involves.
- →70 Vestry: Robert A.M. Stern's Tribeca Waterfront Condo
70 Vestry, 70 Vestry Street in Tribeca: Robert A.M. Stern's 14-storey limestone condominium facing Hudson River Park, and what buying there involves.
- →760 Madison Avenue: The Giorgio Armani Residences
760 Madison Avenue, The Giorgio Armani Residences: ten condominiums above the Armani flagship at East 65th Street, and what buying one from abroad involves.
Keep reading
Moving to New York and working out the order of things?
Talk to us about it