IRS begin issuing ITINs

When did the IRS begin issuing ITINs?

Answer

In 1996, the U.S. Department of the Treasury issued regulations that introduced the ITIN, and required foreign persons to use an ITIN as their unique identification number on Federal tax returns .The regulations were intended to address the concern by the IRS and the U.S. Department of the Treasury that, without a unique number, taxpayers could not be identified effectively and tax returns could not be processed efficiently. Feel free to reach us for any Tax consulting service. Our Tax Experts are happy to help you.

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2018-02-22T16:42:44+00:00February 22, 2018|0 Comments