Advantages of getting an ITIN
• You can qualify for a refund for money that has been taken out of your paycheck for income taxes. This depends on your income, the amount that was withheld from your paycheck and the number of dependents you are claiming.
• Filing your taxes can help you apply for residency in the future. The IRS wants individuals to file their taxes, regardless of their immigration status, so they do not share information about people who have an ITIN with the Bureau of Citizenship and Immigration Services.
• Some financial institutions accept the ITIN to open bank accounts that pay interest and to apply for loans. Many people use an ITIN to establish their credit history and apply for loans to buy a car or house.
• Even if you didn't file your taxes in the past, you may qualify for a refund for three previous years once you receive your ITIN. Call us for more details on this.
Gary Booth CA Professional Corp.
Tel: 416-626-2727
E-mail: itin@garybooth.com
http://www.us-tax-returns-itin-agent.com
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