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David
I have sold a piece of property in the US -- How do I get an
ITIN.
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david ingram replies:
They changed the rules on Dec 17, 2003.
the following will help:
This is an exact copy of Issue 2004-03 of International e-News
for Tax Professionals
In general, the rules changed for getting an ITIN.
Too many people were getting them for identification purposes
with no intent to file a return. The new rules have you file the
return with a filled in W7 attached.
You can find a fillable W7 form at:
http://www.irs.gov/pub/irs-fill/fw7.pdf
david ingram,
-
February 20, 2004
Issue 2004-03 - SPECIAL EDITION
******
In this Special Edition:
******ITIN Guidance for Foreign Buyers/Sellers of U.S. Property
The IRS has posted technical guidance on IRS.gov for foreign
buyers and
sellers of U.S. real property interest who are requesting ITINs
(Individual Taxpayer Identification Numbers) to meet IRS's
requirement to
supply identifying numbers.
The guidance, posted at
http://www.irs.gov/individuals/article/0,,id=120219,00.html,
provides
detailed information and instructions to help qualifying
applicants obtain
ITINs without added burden. IRS's new measures help ensure the
numbers are
issued and used for the intended tax administration purpose.
The IRS will issue ITINs to qualifying foreign individuals who
have
completed the Forms W-7 or W-7SP (Spanish version), Application
for
Individual Taxpayer Identification Number. They must also
demonstrate a
tax need for the numbers. Individuals who need ITINs to request
reduced
withholding on Form 8288-B, Application for Withholding
Certificate for
Dispositions by Foreign Persons of U.S. Real Property Interests
(FIRPTA),
or pay the tax via Form 8288, U.S. Withholding Tax for
Dispositions by
Foreign Persons of U.S. Real Property Interest, should attach the
Form W-7
to these forms and mail the documents to:
Internal Revenue Service
Philadelphia Service Center
ITIN Unit, P.O. Box 447
Bensalem PA 19020.
On the Form W-7, a request for an ITIN to either pay Foreign
Investment in
Real Property Tax Act (FIRPTA) withholding or to request reduced
FIRPTA
withholding falls under "h. Other," and is described as
"Exception 4" on
page 3 of the instructions. An individual who meets "Exception 4"
should
check Box "h" in the section of Form W-7 marked "Reason you are
submitting
Form W-7," and write "Exception 4" in the write-in area to the
right of
the box.
More information on the Dec. 17, 2003 revisions to the ITIN
Program is
posted at http://www.irs.gov/, Keyword: ITIN.
David Ingram's US/Canada Services
US / Canada / Mexico tax, Immigration and working Visa
Specialists
US / Canada Real Estate Specialists
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Res (604) 980-3578 Cell (604) 657-8451
(604) 980-0321
New email to [email protected] <mailto:[email protected]>
www.centa.com <http://www.centa.com/> www.david-ingram.com
<http://www.david-ingram.com/>
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