ITIN (Individual Taxpayer Identification Number) – a personal tax number issued by the IRS (Internal Revenue Service) for individuals who are not eligible for a Social Security Number (SSN) but must file US tax returns or be listed in company reports.
You need an ITIN if you:
- are a foreign owner or member of a US company (e.g., LLC),
- receive income from US sources,
- file a tax return or appear in company filings as a beneficiary.
Without an ITIN, you won’t be able to declare income correctly to the IRS, which may result in penalties and issues with banks. Obtaining an ITIN is a standard procedure for foreign owners of US businesses.