What is a Tax Identification Number (TIN)? 2021

Spread the love

Tax Identification Number (TIN) Definition

A Tax Identification Number (TIN) is a nine-digit amount employed as a tracking number by the U.S. Internal Revenue Service (IRS) and is demanded advice on tax returns filed with the IRS. All U.S. tax identification numbers (TIN) or tax identification numbers are issued directly by the IRS except social security numbers (SSN), which can be issued by the Social Security Administration (SSA). Foreign tax identifying amounts (overseas TIN) are likewise not issued from the IRS; instead, they're issued from the nation where the non-U.S. taxpayer pays taxes.

What is a Tax Identification Number (TIN)? 2021

Tax Identification Number (TIN)

What is a Tax Identification Number (TIN)? 2021


  • Tax identification numbers are nine-digit tracking numbers utilized by the IRS subsequent tax legislation.
  • The IRS problems all U.S. tax identification numbers except that the social security number (SSN), that can be issued by the Social Security Administration (SSA).
  • There are various kinds of tax identification numbers, like the employer identification number (EIN), individual tax identification number (ITIN), and adoption tax identification number (ATIN).
  • Tax filers should incorporate their tax identification number on tax-related files and if claiming benefits.

Knowing the Tax Identification Number (TIN)?

Amounts or tax identification numbers come in many forms. Folks are delegated TINs in the kind of Social Security Numbers (SSNs), whereas companies (e.g., corporations and partnerships) are delegated employer identification numbers (EINs). SSNs are tax identification numbers for people, along with the Social Security Administration (SSA) issues them at the arrangement of XXX-XX-XXXX. They're read as XX-XXXXXXX, although employer tax ID numbers are nine digits long.

Fiduciaries trusts and other entities are delegated directly tax ID numbers. Other Kinds of TINs Incorporate the Individual Taxpayer Identification Number (ITIN), the Adoption Taxpayer Identification Number (ATIN), and also the Preparer Tax Identification Number (PTIN).

The IRS uses taxpayers to be tracked by tax identification numbers. Filers should include if claiming benefits and the amount of files.

Kinds of Tax Identification Numbers (TIN)

Social Security Numbers (SSN)

The social security number (SSN) is the most frequent tax identification number. SSNs are issued to U.S. citizens, permanent residents, and specific temporary residents. The SSN is needed to procure lawful employment in the U.S., also, to get social security benefits and other government agencies. A child must have an SSN in front of a parent who can maintain them as a determined for income tax purposes; therefore, most parents willingly apply for the amount on behalf of the kids. A kid with an ITIN may be claimed as a dependent. There are also, although programs are processed by the SSA at no cost.

Individual Taxpayer Identification Number (ITIN)

The IRS problems the Individual Taxpayer Identification Number (ITIN) to certain nonresident and resident aliens, their spouses, and their inheritance if ineligible for SSNs. Arranged in the Exact Same arrangement as an SSN (XXX-XX-XXXX), the ITIN starts with a 9. To acquire a single tax identification number, the applicant should complete Form W-7 and submit records supporting their resident status. Particular agencies--such as schools, banks, and accounting firms--often help applicants get their ITIN.

Employer Identification Numbers (EIN)

The IRS uses the Employee Identification Number (EIN) to recognize businesses, trusts, and estates that have to pay taxes. These classes use it to examine their income and must submit an application for the amount. Applying for an EIN is totally free, and businesses may obtain one

Adoption Tax Identification Numbers

If the parents can't receive the child's SSN to finish their tax returns the ATIN applies to adoptions. To be eligible, the child has to be a U.S. citizen or permanent resident and the adoption has to be pending.

Preparer Tax Identification Number

As of Jan. 1, 2011, the IRS took the record of a PTIN on every return filed. Before this season, the usage of the PTIN was discretionary. Any preparer that charges to complete part or all of the taxation yield for a different person should have and utilize the PTIN.


Our needs authors to utilize primary sources to support their own job. These include government information, paper coverage, and interviews with industry specialists. Also, we mention studies from publishers that are respectable where appropriate. You may find out more about the criteria we follow in generating accurate, unbiased articles within our editorial coverage.

  1. Social Security Number and Card. " Accessed Dec. 8, 2020.
  2. Qualifying Child Rules. " Accessed Dec. 8, 2020..
  3. Individual Taxpayer Identification Number. " Accessed Dec. 8, 2020..
  4. Employer ID Numbers. " Accessed Dec. 8, 2020..
  5. Adoption Taxpayer Identification Number. " Accessed Dec. 8, 2020.
  6. What Every Tax Return Preparer Must Know about Applying for a PTIN. " Accessed Dec. 8, 2020.
  7. PTIN Prerequisites for Tax Return Preparers. " Accessed Dec. 8, 2020.

Associated Terms

What's a Taxpayer Identification Number (TIN)?

A citizen identification number is a 9-digit identifier. When a Social Security number can be used by people, a citizen identification number is needed by many companies.

Employee Identification Number (EIN)

An Employer Identification Number (EIN) is an exceptional number assigned to some company for simple IRS identification for tax reporting purposes.

W-9 Form Definition

Form W-9 is an Internal Revenue Service form that's used to affirm an individual's taxpayer identification number (TIN).

What is a Tax Identification Number (TIN)? 2021

Social Security Number (SSN)

A Social Security Number (SSN) is a numerical identifier assigned to U.S. citizens and a few residents to monitor their earnings and determine gains.

Form 1099-OID--Knowing Your 1099-OID Form

Original issue discount (OID) is the surplus of responsibility's stated redemption price at maturity over its issue price, and it's reported to the IRS on Form 1099-OID.

Knowing Your W-2 Form

Form W-2 reports a worker's annual salary and the Number of taxes withheld from their paycheck. This is how it's used and why you require a W-2.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Comment