How to Obtain or Renew Your ITIN Number in New Jersey: Complete Guide

What is an ITIN number and what is it for?

The Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS). It is designed specifically for individuals who are required to file taxes in the United States but are not eligible for a Social Security Number (SSN).

Having an active ITIN is essential for several key reasons:

• Filing Taxes: It allows you to comply with your federal tax obligations.
• Tax Credits: It enables you to claim tax credits, such as the Child Tax Credit.
• Credit History: Many financial institutions allow you to open bank accounts or apply for credit cards and loans using your ITIN.
• Buying a Home: It is a common requirement when applying for ITIN mortgage loans.

Who should apply for an ITIN?

You must apply for an ITIN if you do not have a Social Security Number and fall into any of the following categories:

1. Non-resident alien who must file a U.S. tax return.
2. Resident alien filing a tax return based on the number of days spent in the country.
3. Dependent or spouse of a U.S. citizen or resident alien.
4. Spouse or dependent of a non-resident alien visa holder.

Steps to Apply for an ITIN for the First Time

To obtain your ITIN number, you must submit three key elements to the IRS:

1. Form W-7

This is the "Application for IRS Individual Taxpayer Identification Number". You must fill it out with your exact personal information as it appears on your official documents.

2. Your Federal Tax Return

Generally, the IRS requires that you attach a completed federal tax return to your Form W-7. There are very specific exceptions, but the general rule is that the ITIN is processed alongside the annual tax return.

3. Original Identity Documents

You must prove your identity and foreign status. The most widely accepted document is your valid passport, as it is the only document the IRS accepts on its own to prove both criteria. If you do not have a passport, you must send a combination of other officially certified documents (such as a birth certificate and consular card).

How to Renew an Expired ITIN?

ITIN numbers expire if they are not used on a federal tax return at least once in three consecutive years. If your ITIN has expired and you need to file a return, you must renew it by submitting a new Form W-7 with your current identity documents. The big advantage is that for renewals, it is not mandatory to attach a tax return.

The Importance of a Certified Acceptance Agent (CAA)

Mailing your original documents (such as your passport) to the IRS can be risky. To avoid losing your passport, you can visit a Certifying Acceptance Agent (CAA) like MAPA Business. We are authorized by the IRS to verify your original identity documents in person, make certified copies, and mail them on your behalf, allowing you to keep your original passport with you at all times.