ITIN stands for "!Individual! Taxpayer Identification Number". I've seen a lot of questions about ITIN number. I want to just notify anybody about the necessity to fill a U.S. federal tax return every year in case you want your ITIN to remain active. If you won't fill it won't be active. You assign ITIN for yourself when you fill the tax return form W-7. Primarily it's not an identifier for a bank or a credit rating, it's a number to pay your annual personal taxes in America. If you are a non-resident of the US, you need to pay your personal taxes in the country you reside. Filling the yearly personal tax declaration (which is ITIN created for) is an option for non-residents. Do not consider ITIN as an identificator for the bank/credit cards/credit score on the first place, it is only the second place. Federal tax is the purpose, you should fill the form every year. "If your individual taxpayer identification number (ITIN) expired, you must renew the ITIN if it will be included on a federal tax return." Without renew it will be expired: https://www.irs.gov/tin/itin/how-to-renew-an-itin An ITIN is a 9-digit number the IRS issues if you need a !U.S. taxpayer identification number for federal tax purposes!, but you aren’t eligible for a Social Security number (SSN). You may need an ITIN if you’re a: - Nonresident alien claiming a tax treaty benefit - Nonresident alien filing a U.S. federal tax return - Resident alien filing a U.S. federal tax return - Dependent or spouse of a U.S. citizen/resident alien - Nonresident alien student, professor or researcher filing a U.S. federal tax return or claiming an exception - Dependent or spouse of a nonresident alien U.S. visa holder Source: https://www.irs.gov/tin/itin/individual-taxpayer-identification-number-itin P.S.: If you want to build your personal credit history with the US and want to fill personal taxes every year you should apply for ITIN. Otherwise you will have EIN for any business operations connected with banks, etc.

Hey all! Sorry I haven't been around much but I've been working on these new rules about the addresses. In short, check out the last three videos I put on the channel. I have move coming. Mercury For this the virtual business address has still been working but you need proof of your home address. The home address can be foreign from what I've seen. Relayfi They require at least one physical address in the US. If you have residential in US then you can use a virtual address. If you don't have US residential address then you need a real business address. It is possible that anytime mailbox (the right address) could work for this. For my clients, I have a bunch of clients in the US and we are using different physical addresses in Miami. It's annoying to track but it allows the clients (new clients) of mine to get relayfi accounts. I'm still exploring how to get residential addresses but have a video of that coming as well. A lot of this is trial and error and stay tuned I am researching and sharing more.

Hi, this is my first time on this platform and I would like to share my greetings with everyone. I’ve recently started my company as a Single member LLC in Florida using a 3rd party registered agent. I’ve obtained my EIN , formation letter. Opened a bank account with Mercury using my registered agent address. I’m stuck with the BOI report filing as my registered agent mentioned that it’s not possible to file the BOI unless I have a physical address in the US. “ PO Box , Virtual Office not accepted “ As I don’t live in the US I have no idea how to overcome this issue while I’m running out of time. I have already purchased the BOI filing with my agent but they can’t proceed because I didn’t provide an address. In this situation what are my options ? P.S: I have no one in the US to use their address , I know literally no one. but I do have a virtual mailing office also using a 3rd party agency. I’d appreciate any help I’m booked with James for a call on 29th Feb. But if I get my answer I would cancel it to give a chance for other people to talk early.

Hi everyone! have you seen James's latest video on Instagram? Take a look and make sure to avoid those mistakes when you're opening a bank account 😀🙌 https://www.instagram.com/reel/C5RLT9jobEW/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

My Mercury application has been denied. I put Place of business, as in my home country (Tunisia) which is not in their prohibited list. They asked for a bank statement, with the address in Tunisia, I had something similar as my bank statement didn’t have the right address. If any of you had been successful with Mercury, what did you provide? Did they accept Place of business not in the US and what documents did you provide? Also, what would be the risk if I change place of business in the US (maybe with another bank) , my business partner has a US address and a bank statement with it (when though our real place of business is in Tunisia), would that impact our taxe return, as we will be reporting as we are making business outside of the US? Thank you