ITIN NEWS BLOG
News & Tips from an ITIN Acceptance Agent

Mar 6

Timeshare sale and FIRPTA

When a non resident of the US sells a US property (including a timeshare). they will be subject to FIRPTA tax on the gross amount of the sale. FIRPTA is a withholding tax and it does not mean that that is the actual amount due. You would then file a 1040NR US tax return for the sale and declare the actual capital gain (or loss) and make a reclaim of overpaid tax. This is because tax is due on the net gain and not on the gross gain. In most cases, as timeshares are loss making

Feb 27

ITIN from UK

If you are a United Kingdom resident, you can easily apply for a US tax number (ITIN) on Form W-7 from the United Kingdom using a certifying acceptance agent (CAA). A certifying acceptance agent has a contract with the IRS to check both the correct completion of Form W-7 and ensure the correct attachments for the reason code used are submitted. The certifying acceptance agent will also certify and sign the identity documents so you do not have to post them to the IRS in the U

Feb 20

Does a US ITIN expire?

If an ITIN is not used on a US tax return (either Form 1040 or Form 1040NR) at once every three years, then yes the number will expire for filing purposes. This is something that came into place a few years ago as a result of the passing of the PATH Act (Protecting Americans from Tax Hikes Act). All ITINs ever issued have gone trough this process over the last few years and now going forward the three year non filing rule applies. What does that mean for me? Well, the primary

Feb 13

FAQs - Who qualifies for an ITIN number?

Who qualifies for an ITIN number? On a daily basis Just Breve receives queries for people wanting to apply for an ITIN (Individual taxpayer Identification Number) for a multitude of reasons. A lot of queries are those from people who are not qualified for an ITIN, i.e. not eligible for one. Who is eligible for an ITIN? Well, ITINs are primarily issued for filing a US tax return. That being a Form 1040 or a Form 1040NR. A 1040 is filed by a US person (resident, citizen or gree

Feb 6

Can I get an ITIN if I don’t live in the US?

At Just Breve we receive regular queries where potential ITIN applicants want more information on if they are eligible for an ITIN one of those questions is: Can I get an ITIN if I don’t live in the US? The answer is yes, but you will need to meet certain criteria for applying. Non residents of the US are required to either file a US tax return with the Form W-7 Application for IRS Individual Taxpayer Identification Number OR meet an exception to filing a US tax return. The l

Jan 30

Foreign partner of a US partnership requiring an ITIN

If you are a foreign partner of a US partnership requiring an ITIN and you are based outside the United States, you can apply for an ITIN via a certified acceptance agent for the IRS. Just Breve is a certifying acceptance agent and has a contract with the IRS to assist with all types of ITIN applications including those of foreign partners of a US LLP or US LP or US LLC. Why do I need an ITIN if I am based outside of the USA? If you are a foreign partner of a US entity, that

Jan 16

2023 Tax - ITIN application for my 2022 1040NR

If you have a US tax return prepared by your US accountant (state side) and require a US tax number (ITIN) issued for the processing of the 1040NR for 2022, Just Breve can assist as certifying acceptance agent (CAA) for your Form W-7 ITIN application. As part of the process the tax return MUST be finalised and ready as it is attached to the Form W-7 submission. That means the tax return will be paper filed once the ITIN is assigned by the ITIN unit in Austin, Texas. What is a

Jan 9

Certifying Acceptance Agent in Wales

Just Breve is a Certifying Acceptance Agent in London that covers all of the United Kingdom. This includes Wales, Scotland and Northern Ireland (as well as Ireland). As a Certifying Acceptance Agent we cover Wales as a region of the UK. We are able to assist you remotely via video call (or if you wish to visit the office, we are based near London Heathrow, M4 Junction 4b/M25). As part of the process, we are required to see your original identity documents, which will be retur

Jan 1

Is Just Breve an IRS CAA Agent or IRS Agent or ITIN Agent?

Is Just Breve an IRS CAA Agent or IRS Agent or ITIN Agent? Well technically all 3!, the phrasing just varies to describe what we do as a certifying acceptance agent (CAA). We assist with ITIN applications (Form W-7) for anyone looking to apply for an ITIN (US tax number). We are well versed in what is required to apply and whether you will be eligible to obtain one from the IRS. They are not issued to everybody, you need to meet fixed criteria. I need ITIN Help with an IRS IT

Dec 20, 2022

Just Breve - Certifying Acceptance Agent (CAA)

What is a Certifying Acceptance Agent (CAA)? Per the Form W-7 instructions from the IRS: A Certifying Acceptance Agent (CAA) can verify original documentation and certified copies of the documentation from the issuing agency for primary and secondary applicants and their dependents, except for foreign military identification cards. For dependents, CAAs can only verify passports and birth certificates. The CAA will return the documentation immediately after reviewing its authe

Dec 13, 2022

Tax refund - What is a 1042-s form used for?

A 1042-S is a US tax withholding form issued to non-residents of the US who have reportable income. The amounts on the form are reported to the IRS by the US payor of that income. Why have I received a 1042-S? If you have received income of any type (there are dozens of categories), you will have received the form advising you of what gross amount you received in the US calendar year (January to December). I had tax withheld - do I need to file a US 1040NR tax return? It depe

Dec 2, 2022

I delayed renewing my ITIN and my US accountant did not tell me he was not filing my tax returns!

At Just Breve we see various types of clients. Most want to finalise things quickly and are on top of their US taxes. Some however, let things lapse. Either due to frustration or general life scenarios. What happens if I forgot to renew my ITIN? It depends. If you are within the filing deadline period AND actually filed the return pending renewal. In this case, you will be fine and can still claim back any overpaid US tax. But, if you wait too long AND never filed, you may ha

Nov 16, 2022

Can I get an ITIN before closing on a US property sale?

When selling a US property as a non resident alien (NRA), you are required to have an ITIN (US tax number) as the transaction is reported for tax purposes to the IRS. ITINs are issued to non residents of the US or those not eligible for a Social Security Number (SSN). If you do not have an ITIN at closing or close to closing, you have various options. The primary and standard method is: - to apply for an ITIN with the closing paperwork AND the FIRPTA tax paperwork on the prop

Nov 1, 2022

IRS not releasing my refund as my ITIN is expired!

At Just Breve we receive many requests from individuals to renew an ITIN after a tax return was submitted to the IRS. Let's look at why they need to renew and what the process is to release funds. Why do I need to renew? I have been filing for years! All ITINs ever issued went through a renewal schedule several years ago. Most ITIN holders received a letter from the IRS requesting they renew if filing a tax return (else credits and refunds would be delayed). In a lot of insta

Oct 21, 2022

The clock is ticking - Last date to claim a US tax refund

If you have have had US tax held and have not yet claimed back the tax, you cannot postpone indefinitely. The IRS gives you 3 years from the date of filing to reclaim overpaid US tax. What does this mean for older years? Well if you want to try and reclaim overpaid US tax from 2019, you have a few months left. The deadline is April 15th 2023 for any 2019 US tax return refund claims. If you are out of country and not US based, you get an additional 2 months, till June 15th 202

Aug 9, 2022

K-1s and ITINs for a 1065 Partnership Return

Is there a Foreign Partner of the US Partnership? If the answer is yes and there is no ITIN, the foreign partner needs to be notified via the partnership to obtain an Individual Taxpayer Identification Number (ITIN) as soon as possible. Once notified, foreign partners will apply by filing Form W-7 with the IRS. They can do so themselves or avail the services of a certifying acceptance agent who will be able to assist a complete and accurate filing. If the ITIN is not receive

Feb 28, 2022

ITIN expired and my name has changed

If you obtained an ITIN and since receiving it have either married or changed your name by deed poll, you should notify the ITIN unit by writing to them to update your details. Doing so now will save problems later down the line if filing a US tax return (1040NR or 1040) or if having to renew your ITIN if you haven't filed for 3 consecutive years. How do I change my name on my ITIN if I married? If married, it is best to send a cover letter explaining the name change and ensu

ITIN NEWS BLOGNews & Tips from an ITIN Acceptance Agent

ITIN NEWS BLOG
News & Tips from an ITIN Acceptance Agent