Do you need an ITIN number for your business?
If Koshika LLC is a U.S. business entity that does not have a Social Security Number (SSN), and it has to file tax returns with the Internal Revenue Service (IRS), then it may need to apply for an Individual Taxpayer Identification Number (ITIN).
An ITIN is a tax identification number issued by the IRS to individuals who are required to file a U.S. tax return but are not eligible for a Social Security Number. For example, non-U.S. residents who are not eligible for an SSN may need an ITIN to file their tax returns.
As a business entity, Koshika LLC may need an ITIN if it is a foreign-owned business, or if it has foreign partners or investors who do not have an SSN. Additionally, if Koshika LLC hires foreign employees who are not authorized to work in the United States, the business may need to obtain an ITIN for tax purposes.
To apply for an ITIN, Koshika LLC will need to complete Form W-7, Application for IRS Individual Taxpayer Identification Number. The form should be submitted along with the necessary supporting documents to the IRS. It is recommended to consult with a tax professional or the IRS directly to determine whether Koshika LLC needs an ITIN and to receive guidance on the application process.
Applying for an ITIN can be a complex process, so it's important to consult with a CPA firm that specializes in international tax services. A CPA firm can guide you through the process of obtaining an ITIN, as well as help you with other tax-related issues that may arise when starting a business in the US.