What's the status of an "ITIN"?(MAILBOX)(Individual Taxpayer Identification Numbers )(Brief article)

ABA Banking Journal, June, 2007 by Callaway, Leslie

Q. My bank has received a joint loan request to purchase a vehicle. The primary applicant has a Social Security number and credit history. The secondary applicant has an "individual taxpayer identification number" and no credit file. The credit report has a warning, "Number not issued by the Social Security Administration." I was told that an ITIN allows the individual to work in the U.S. I was also told that income is reported to the IRS, and that the individual can file income tax returns--but that it is not a Social Security number. Is this true? Or are we required to have a Social Security number for both applicants?

A. Holders of Individual Taxpayer Identification Numbers (ITINs) are generally non-US-persons who are not required to have a Social Security...

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