Applying for ITIN
Hello, I am reaching out to seek information about ITIN registration. We have an LLC registered in Wyoming and want to apply for ITIN. Can you please share the details about the process, timeline and costs associated with this. Thanks
Quick Answer:
An Individual Taxpayer Identification Number (ITIN) is issued by the IRS to individuals who need a U.S. taxpayer identification number but do not have, and are not eligible to obtain, a Social Security number.
For an LLC, if a U.S. taxpayer identification number is required, it typically obtains an Employer Identification Number (EIN). An EIN is used by businesses to identify themselves to the IRS for tax purposes.
Therefore, an LLC would not apply for an ITIN. The process, timeline, and costs you're inquiring about for an ITIN are not applicable to an LLC. The requirements and application for an EIN differ significantly from those for an ITIN.
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
