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Individual Taxpayer Identification Number
An Individual Taxpayer Identification Number (ITIN) is a United States tax processing number issued by the Internal Revenue Service (IRS). ITINs are issued by the IRS to individuals who do not have and are not eligible to obtain a valid U.S. Social Security Number (SSN), but who are required by law to file a U.S. Individual Income Tax Return. Regardless of immigration status, both resident and nonresident immigrants may have federal tax return and payment responsibilities under the Internal Revenue Code. Individuals must have a filing requirement and file a valid federal income tax return to receive an ITIN, unless they meet an exception. An ITIN application cannot be filed electronically (efile). The application must be attached to a valid federal income tax return unless the individual qualifies for an exception. The ITIN program was created on July 1, 1996 for the purpose of allowing tax return filing by individuals without a Social Security Number (SSN). Receiving an ITIN ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Service
The Internal Revenue Service (IRS) is the revenue service for the Federal government of the United States, United States federal government, which is responsible for collecting Taxation in the United States, U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the United States Department of the Treasury, Department of the Treasury and led by the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The duties of the IRS include providing tax assistance to taxpayers; pursuing and resolving instances of erroneous or fraudulent tax filings; and overseeing various benefits programs, including the Affordable Care Act. The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In The United States
The United States has separate Federal government of the United States, federal, U.S. state, state, and Local government in the United States, local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, Capital gains tax in the United States, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted to 25.5% of GDP, below the OECD average of 33.5% of GDP. Income tax in the United States, U.S. tax and transfer policies are Progressive tax, progressive and therefore reduce effective income inequality in the United States, income inequality, as rates of tax generally increase as taxable income increases. As a group, the lowest earning workers, especially those with dependents, pay no income taxes and may actually receive a small subsidy from the federal government (from child credits and the Earned Income Tax Credit). Taxes fall m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security Number
In the United States, a Social Security number (SSN) is a nine-digit number issued to United States nationality law, U.S. citizens, Permanent residence (United States), permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as . The number is issued to an individual by the Social Security Administration, an Independent agencies of the United States government, independent agency of the United States government. Although the original purpose for the number was for the Social Security Administration to track individuals, the Social Security number has become a ''de facto'' national identification number for Taxation in the United States, taxation and other purposes. A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. History Social Security numbers were first issued by the Social Security Administration in November 1936 as part of the New Deal Social Securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resident Alien
In law, an alien is generally any person (including an organization) who is not a citizen or a national of a specific country, although definitions and terminology differ across legal systems. Lexicology The term "alien" is derived from the Latin '. The Latin later came to mean a stranger, a foreigner, or someone not related by blood. Similar terms to "alien" in this context include ''foreigner'' and ''lander''. Categories Different countries around the world use varying terms for aliens. The following are several types of aliens: * legal alien any foreign national who is permitted under the law to be in the host country. This is a very broad category which includes travel visa holders or foreign tourists, registered refugees, temporary residents, permanent residents, and those who have relinquished their citizenship and/or nationality. Categories of legal alien include ** temporary resident alien any foreign national who has been lawfully granted permission by the gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nonresident Alien
In law, an alien is generally any person (including an organization) who is not a citizen or a national of a specific country, although definitions and terminology differ across legal systems. Lexicology The term "alien" is derived from the Latin '. The Latin later came to mean a stranger, a foreigner, or someone not related by blood. Similar terms to "alien" in this context include ''foreigner'' and ''lander''. Categories Different countries around the world use varying terms for aliens. The following are several types of aliens: * legal alien any foreign national who is permitted under the law to be in the host country. This is a very broad category which includes travel visa holders or foreign tourists, registered refugees, temporary residents, permanent residents, and those who have relinquished their citizenship and/or nationality. Categories of legal alien include ** temporary resident alien any foreign national who has been lawfully granted permission by the governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Return (United States)
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency ( California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority. Federal returns Under the Internal Revenue Code returns can be classified as either ''tax returns'' or ''information returns'', although the term "tax return" is sometimes used to describe both kinds of returns in a broad sense. Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040. A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if the taxpayer is not required to calculate that amount. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code
The Internal Revenue Code of 1986 (IRC), is the domestic portion of federal statutory tax law in the United States. It is codified in statute as Title 26 of the United States Code. The IRC is organized topically into subtitles and sections, covering federal income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service. Origins of tax codes in the United States Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the Revised Statutes of the United States, approved June 22, 1874, effective for the laws in force as of December 1, 1873. Title 35 of the Revised Statutes was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Investment In United States Real Estate
Foreign investment in United States real estate is a major source of investment in the United States, facilitated by an open economy legislation (foreign individuals and corporations are free to purchase residential or commercial real estate). Overview In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 billion). Mexico ranked third with 9% of sales and India and the UK both accounted for 5%. Florida is the most popular destination with 31% of sales, followed by California (12%), Texas (9%) and Arizona (6%). Almost 80% of foreign-born U.S. residents owned a home in 2009, according to the National Association of Realtors. The national homeownership rate at that time was 65.4%. Taxation Foreign non-resi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Homeland Security
The United States Department of Homeland Security (DHS) is the U.S. United States federal executive departments, federal executive department responsible for public security, roughly comparable to the Interior minister, interior, Home Secretary, home, or Ministry of Public Security, public security ministries in other countries. Its missions involve anti-terrorism, border security, civil defense, Immigration to the United States, immigration and customs, border security, border control, cyber security, cybersecurity, Airport security, transportation security, Maritime security (USCG), maritime security and Air-sea rescue, sea rescue, and the mitigation of Weapon of mass destruction, weapons of mass destruction. It began operations on March 1, 2003, after being formed as a result of the Homeland Security Act of 2002, enacted in response to the September 11 attacks. With more than 240,000 employees, DHS is the third-largest Cabinet of the United States, Cabinet department, after t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alien (law)
In law, an alien is generally any person (including an organization) who is not a citizenship, citizen or a nationality, national of a specific country, although definitions and terminology differ across legal systems. Lexicology The term "alien" is derived from the Latin '. The Latin later came to mean a stranger, a foreigner, or someone not related by blood. Similar terms to "alien" in this context include ''foreigner'' and ''lander''. Categories Different countries around the world use varying terms for aliens. The following are several types of aliens: * legal alien any foreign national who is permitted under the law to be in the host country. This is a very broad category which includes travel visa holders or foreign tourists, registered refugees, temporary residents, Permanent residency, permanent residents, and those who have Renunciation of citizenship, relinquished their citizenship and/or nationality. Categories of legal alien include ** temporary resident alien an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Notarized
A notary is a person authorised to perform acts in legal affairs, in particular witnessing signatures on documents. The form that the notarial profession takes varies with local legal systems. A notary, while a legal professional, is distinct from an advocate in that they do not represent the person who engages their services, or act in contentious matters. Overview Documents are notarized to deter fraud and to ensure they are properly executed. An impartial witness (the notary) identifies signers to screen out impostors and to make sure they have entered into agreements knowingly and willingly. Loan documents including Deed, deeds, Affidavit, affidavits, Contract, contracts, and Power of attorney, powers of attorney are very common documents needing notarization. Code of Hammurabi#Laws, Code of Hammurabi Law 122 (c. 1755–1750 BCE) stipulated that a Deposit account, depositor of gold, silver, or other Personal property, chattel/movable property for Safe, safekeeping mus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Taxes In The United States
Personal may refer to: Aspects of persons' respective individualities * Privacy * Personality * Personal, personal advertisement, variety of classified advertisement used to find romance or friendship Companies * Personal, Inc., a Washington, D.C.–based tech startup * The Personal, a Canadian-based group car insurance and home insurance company * Telecom Personal, a mobile phone company in Argentina and Paraguay Music * ''Personal'' (Men of Vizion album), 1996 * Personal (George Howard album), 1990 * Personal (Florrie album), 2023 * ''Personal'', an album by Quique González, or the title song * "Message"/"Personal", a 2003 song by Aya Ueto * "Personal" (Hrvy song), a song from ''Talk to Ya'' * "Personal" (The Vamps song), a song from ''Night & Day'' *"Personal", a song by Kehlani from ''SweetSexySavage'' *"Personal", a song by Olly Murs from his 2012 album '' Right Place Right Time'' *"Personal", a song by Against the Current from their 2018 album '' Past Lives'' Book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
