(Too lazy to read? Me too.. Lucky for you I create a simple graphic, all you have to do is click above)
So you hear the terms EIN, SSN, ITIN ... but you may be wondering.. are there any differences??
Tax Identification Number (TIN)
To start we need to clarify the Tax Identification Number. This number is issued either by the IRS or the Social Security Administration (SSA). The purposes of these numbers is to help regulate the US tax laws and have other purposes.
What types of TINs are issued by the IRS?
What types of TINs are issued by the Social Security Administration?
SSN - Social Security Number
Main differences between EIN, SSN, and ITIN
Who is the EIN for? For people and entities doing business in the US.
Note: To apply for an EIN, you must have a valid ITIN or SSN
Who is the SSN for? For US citizens, Permanent Residents, Temporary NonImmigrant Workers
Who is the ITIN for? For residents & non residents not eligible for SSN but need to file taxes and report with the IRS
Note: These always start with 9
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