Each taxpayer in the U.S. needs to have a unique nine-digit number that can identify them to the IRS. Many Americans use their Social Security number, or SSN, to confirm their identity on tax returns ...
As you prepare to file your taxes in advance of the April 15 deadline, you may be wondering about certain terminology. For instance, the 1040 form that most people use to file their federal income ...
Ever tried filing taxes, opening a U.S. bank account, or applying for a loan and hit a wall because you don’t have a Social Security Number? That’s where a taxpayer identification number (or TIN) can ...
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS), which is only available for certain nonresident and resident aliens, their ...
Keeping your personal and business expenses separate is crucial as a business owner, and an Employer Identification Number (EIN) is the best way to do so. An EIN number can help you keep your Social ...
With last season just wrapping up—and the 2025 tax season around the corner—the IRS is reminding tax pros that it’s an excellent time to renew their Preparer Tax Identification Number (PTIN). Even ...
Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...