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).