What is a Certifying Acceptance Agent?
A certifying acceptance agent is able to make your application for an ITIN. An ITIN is an Individual Tax Identification Number. In order to become an acceptance agent, a person requires specific training and approval the Internal Revenue Service (IRS) in the United States. The certifying acceptance agents at Kahane Law Office in Calgary have contract with the IRS acceptance agent program to act in Canada. Kahane Law Office in Calgary, Alberta is able to assist with in house acceptance agents for ITINs.
What Does An IRS Acceptance Agent Do In Canada?
A Canadian notary public is not authorized to confirm identities for the purposes of getting an ITIN. In order to apply for an ITIN, you must have your identity confirmed by an ITIN agent. The acceptance agent will sign off on your W7 ITIN application. As part of the application process the certifying agent confirms your identity and completes a Certificate of Accuracy. If you are in the US, then you can use a Tax Payer Assistance Location for help.
Why Do You Need an ITIN?
You acceptance agent will be able to help you decide if you need an ITIN. An ITIN can help you avoid taxes and/or avoid a withholding taxes. Some examples of why you would require an ITIN are:
- You have rental income from US real estate;
- You are getting a mortgage and buying US property;
- You are selling US property;
- Business income;
- You receive US based royalties;
- You enjoy US lottery or gambling winnings;
- You are closely related to someone who files taxes in the US.
Do Acceptance Agents Complete Your Tax Returns?
Certifying agents are not authorized by the IRS to complete and submit tax returns. Not all ITIN applications need US tax returns. Talk to use about your need to file a tax return. There are several exceptions from tax return filing requirements. Your certifying acceptance agent can help you understand your options.
Other Document Requirements
In addition to tax returns, on some applications, there are additional forms that are required. Some of these documents will need to be prepared by third parties, such as withholding agents. Other times to documents will need need to be completed by our client before the ITIN application. While we cannot complete these documents for you, we will let you know which documents that we need and who generally prepares them.
W7 Acceptance agents in Calgary
Navigating the US tax system as a Canadian can be confusing. We are here to help. If you need an Acceptance Agent to finalize your W-7 Application, call today. Call today. 403-225-8810 or email us directly here.