Tax Identification Number

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Tax Identification Number

A number the IRS assigns to businesses and other entities, such as trusts, for tax purposes. While the TIN exists for a variety of reasons, its main function is to ensure that each organization is billed for its own taxes, and not those of another entity with the same name. Social Security numbers serve as TINs for individuals.
References in periodicals archive ?
TINs that may be truncated include social security numbers (SSNs), individual taxpayer identification numbers (ITINs), adoption taxpayer identification numbers (ATINs), and employer identification numbers (EINs).
com's Terence Jeffrey reported that since 1996 "the IRS has issued what it calls Individual Taxpayer Identification Numbers (ITINs) to two classes of persons: 1) non-resident aliens who have a tax liability in the United States, and 2) aliens living in the United States who are 'not authorized to work in the United States.
The IRS eased some of its strict new procedures for obtaining individual taxpayer identification numbers (ITINs) (FS-2012-11), while making other procedures more stringent.
New Internal Revenue Service requirements for foreign individuals requesting Individual Taxpayer Identification Numbers (ITINs) are the topic of a recent blog posted by attorney and Certified Public Accountant Jo Ann Koontz on koontzassociates.
They also require neither credit history nor taxpayer identification numbers.
Be sure to plug in Taxpayer Identification Numbers (usually Social Security numbers) for your children and other dependents on your return.
The change would compel them to report all vendor purchases and perhaps have to get taxpayer identification numbers from everyone from whom they buy supplies and equipment.
Under the plan, USDA would give taxpayer identification numbers to the IRS, which then would determine if the person is over a payment threshold stipulated in the 2008 farm bill.
6107(b) requires an income tax return preparer, for a period of three years after the close of the return period, to (1) retain a completed copy of the return or claim, or a list of the names and taxpayer identification numbers of the taxpayers for whom the return or claim was prepared; and (2) make the copy or list available for inspection on request by the Service.
GAO was asked to (1) assess the accuracy of K-1 data, specifically transcription errors and taxpayer identification numbers (TIN); (2) determine whether any limitations in the availability or accuracy of K-1 data have affected IRS's ability to identify noncompliance; and (3) identify the benefits and challenges of increasing e-filing of K-1s.
The other top taxpayer problems include Earned Income Tax Credit (EITC) compliance strategy, the IRS Appeals implementation of the Collection Due Process program, and the administration of Individual Taxpayer Identification Numbers (ITINs).
But the government at a minimum wants banks to obtain names, birth dates, addresses and taxpayer identification numbers.

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