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 ?
The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017.
Individual taxpayer identification numbers (ITINs) are commonly used by undocumented taxpayers who have a tax filing requirement.
Individual taxpayer identification numbers (ITINs) are used for a number of tax reporting purposes.
The document noted that many commenters had questioned the need for donee reporting, and expressed "significant concerns" about nonprofits collecting and maintaining taxpayer identification numbers.
Mariano made the point on the need for a lawyer after Capili revealed that her client had four Taxpayer Identification Numbers (TIN).
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.
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.
They may avoid entering phone numbers or taxpayer identification numbers if the accounting system does not require this information in order to issue a check.

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