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IRS ITIN Application Process Flashcards

7 cards from real CAA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 IRS ITIN Application Process flashcards as text

  1. Which ITIN exception applies when the applicant has third-party withholding on passive income such as interest or dividends?

    Answer: Exception 1

    Exception 1 covers third-party withholding on passive income.

  2. An applicant needing an ITIN for a home mortgage loan with third-party reporting of mortgage interest falls under which exception?

    Answer: Exception 3

    Exception 3 covers third-party reporting of mortgage interest.

  3. A foreign person selling U.S. real property subject to FIRPTA withholding would generally claim which exception?

    Answer: Exception 4

    Exception 4 covers third-party withholding on the disposition of a U.S. real property interest.

  4. Exception 2 covers which general category of situations?

    Answer: Wages, scholarships, fellowships, and gambling winnings

    Exception 2 covers wages, salary, compensation, scholarships, fellowships, grants, and gambling winnings.

  5. When an applicant qualifies for an exception, what is generally submitted instead of a federal tax return?

    Answer: Documentation supporting the exception

    Exception applicants attach documentation supporting the exception in place of a tax return.

  6. Exception 5 relates to which situation?

    Answer: Reporting obligations under Treasury Decision 9363

    Exception 5 relates to reporting obligations under TD 9363.

  7. Absent an exception, a first-time ITIN application must be submitted with what?

    Answer: A valid federal income tax return

    Unless an exception applies, the W-7 must be attached to a valid federal income tax return.