Page 10 - Foreign Investor Guide - Hawaii
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Withholding Certificate & Tax Identification Number




    What if the seller applies for a Withholding               Types of Taxpayer Identification Numbers
    Certificate to excuse withholding and the                  (TINs):
    application is still pending at the time of the
    disposition?                                                   SSN
    If an application for a Withholding Certificate is             You will need to complete Form SS-5,
    submitted to the IRS on or before the date of a                Application for a Social Security Card (PDF). You
    transfer and the application is still pending on               also must submit evidence of your identity, age,
    the date of transfer, the withholding tax must be              and U.S. citizenship or lawful alien status. For
    withheld.                                                      more information please see the Social Security
                                                                   web site. Form SS-5 is also available by calling
    A Taxpayer Identification Number (TIN) is an                   1-800-772-1213 or visiting your local Social
    identification number used by the Internal Revenue             Security office. These services are free.
    Service (IRS) in the administration of tax laws.  A
    Social Security number (SSN) is issued by the SSA              EIN
    whereas all other TINs are issued by the IRS.                  An Employer Identification Number (EIN) is also
                                                                   known as a federal tax identification number,
    Examples of Taxpayer Identification Numbers:                   and is used to identify a business entity. Refer to
    Social Security Number “SSN”                                   Employer ID Numbers for more information.
    Employer Identification Number “EIN”
    Individual Taxpayer Identification Number “ITIN”               ITIN
                                                                   An ITIN, or Individual Taxpayer Identification
    Do You Need a Tax Identification Number                        Number, is a tax processing number only
    (TIN)?                                                         available for certain nonresident and resident
    A TIN must be furnished on returns, statements,                aliens, their spouses, and dependents who
    and other tax related documents.                               cannot get a Social Security Number (SSN). It
                                                                   is a 9-digit number, beginning with the number
                                                                   “9”, formatted like an SSN (NNN-NN-NNNN).
                                                                   To obtain an ITIN, you must complete IRS Form
                                                                   W-7, IRS Application for Individual Taxpayer
                                                                   Identification Number (PDF).
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