ITIN

The tax number you need to open a bank account in the US.

Get your ITIN with us, we are Certified Acceptance Agent by the IRS. Grow your possibilities in the US.

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What is the difference between an ITIN and an EIN?

Individual Tax Identification Number (ITIN)

It is a tax identification number for individuals. Essential for those who must fulfill tax obligations in the country but are not eligible to obtain a Social Security Number (SSN).

Use cases:

  • Filing a tax return without an SSN
  • Claim benefits or reduce IRS withholdings
  • Receiving income from a U.S. source that must be reported

Employer Identification Number (EIN)

It is the “social security number” for businesses. This number is crucial for identification purposes with the IRS and is mandatory for a business to comply with its tax obligations.

Use cases:

  • Open business bank accounts
  • File tax returns
  • Hiring employees

What is the process for obtaining an ITIN?

Step 1: Submit documentation

Approximately X business days

This involves filling out Form W-7 and gathering documentation that proves your identity and foreign status.

Step 2: Submission to the IRS

Approximately X business days

We are in constant communication with the IRS to ensure that your application is processed in a timely manner.

Step 3: completion

Approximately X business days

Once the IRS reviews and confirms the application, the ITIN is issued in your name and sent to you digitally.

A 360-degree solution so you can operate your business in the United States

We are an authorized agent of the Internal Revenue Service (IRS) for tax management and electronic tax filing.

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Incorporation in any state

We register your company as a Limited Liability Company (LLC) or C-Corp, without you having to leave your home.

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We file your taxes

Our team of expert accountants ensures that your company complies with IRS tax requirements.

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We take care of your accounting

Analyze your data intelligently and optimize your business performance.

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Customer service available 24/7

Our support team will respond to you in your language, whenever you need it.

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Frequently asked questions

If we haven't answered your question, schedule a free consultation or write to us at info@openbiz.io

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How long does it take to get an ITIN?

El tiempo de tramitación con el IRS puede variar y normalmente es inferior a 15 semanas para tramitar tu solicitud y entregarle el ITIN. Aunque este periodo pueda parecer largo, queremos asegurarte que nos comprometemos a proporcionarte un servicio rápido y eficaz. Estamos en constante comunicación con el IRS para asegurar que tu solicitud sea procesada de manera oportuna y que puedas obtener tu ITIN lo antes posible.

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What is an ITIN?

An ITIN is an Individual Taxpayer Identification Number, a number used for tax purposes, available to certain individuals who cannot obtain a Social Security Number (SSN).

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Do I need an ITIN to open a bank account?

If you want to open a bank account in the US, you will need an ITIN.

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What is the difference between an EIN and an ITIN?

EIN is the Employer Identification Number and is the tax ID for businesses (such as LLCs or corporations). ITIN is the tax ID number for individuals who are unable to obtain a SSN.

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If I have an LLC as a foreign owner, do I need an ITIN?

Short answer: yes.

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What do I need to obtain my ITIN?

The IRS does not allow everyone to apply for an ITIN. You must have a valid reason for applying. In most cases, this can be done when filing your personal tax return. Other situations where this may apply are FIRPTA and Section 8 Properties.

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