Since the invention of the Individual Taxpayer Identification Number (ITIN) in 1996, millions of ITINs have been issued by the IRS. Many rules pertaining to ITINs have changed, but one certainty is that when tax preparers are knowledgeable about these rules, they can be a valuable resource for clients who are seeking to comply with federal tax law. This course provides an overview of the most important topics related to ITINs.
Upon completion of the course, the student should be able to:
- Identify situations in which an ITIN is necessary for filing a federal tax return.
- Understand the role of Acceptance Agents (AAs) and Certifying Acceptance Agents (CAAs), as well as the agent application process.
- Prepare tax returns that are submitted with Form(s) W-7, Application for IRS Individual Taxpayer Identification Number.
