Get the latest insights on today's world of work on your screen:. If you pay taxes in the U. Individuals, corporations, and non-profit organizations must have a TIN to log all their taxation activities legally. There are multiple different types of TINs.
So if you are new to the world of TINs, it can be confusing to know which one you need and how to get it. Alternatively, if you are a company that hires employees, each worker must provide you with their TIN. Want to know more about TINs? This article covers how to get one, which one you need, and when you should use it.
A tax identification number, or TIN, is typically a nine-digit number used to legally track the tax returns of individuals and entities in the U. If planning to earn income in the U. You may also need a TIN to take out a bank loan, apply for work, or file taxes with your state agency.
Working from home avoids commuting, and fewer commuters result in. An SSN is used to track the earnings of U. If you are a U. Permanent residents and non-immigrant status residents who are authorized to work by the Department of Homeland Security DHS can also get an SSN and should apply for one.
How do you apply for a Social Security number? Fill in the SS-5 form to apply for a Social Security number. Be ready to provide proof of your identity and personal details. It is given to foreign, non-U. How do you apply for the foreign tax identifying number ITIN?
Fill in the W-7 formwhere you will need to prove your foreign status and identity. The EIN, or employer identification number, is for businesses and entities, including non-profits, in the U. It may also be required for estates and trusts if they report earnings using the form.
It is a nine-digit number used to track your business tax returns. You will need one to file taxes, open a business account, or take out a business loan. How do you know if you need an EIN? You should have an EIN if you:.