CAA IRS ITIN Application Process 4

Question 1

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

Accepted Answer

Exception 1

Answer

Exception 1 covers third-party withholding on passive income.

Question 2

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

Accepted Answer

Exception 3

Answer

Exception 3 covers third-party reporting of mortgage interest.

Question 3

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

Accepted Answer

Exception 4

Answer

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

Question 4

Exception 2 covers which general category of situations?

Accepted Answer

Wages, scholarships, fellowships, and gambling winnings

Answer

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

Question 5

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

Accepted Answer

Documentation supporting the exception

Answer

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

CAA - Certified Acceptance Agent Practice Test