What Are the 5 Types of U.S. Taxpayer Identification Numbers?

Learn the five main U.S. taxpayer identification numbers: SSN, EIN, ITIN, ATIN, and PTIN, and their specific uses for tax and identification purposes.

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The 5 U.S. taxpayer identification numbers include: 1) Social Security Number (SSN), 2) Employer Identification Number (EIN), 3) Individual Taxpayer Identification Number (ITIN), 4) Taxpayer Identification Number for Pending U.S. Adoptions (ATIN), and 5) Preparer Tax Identification Number (PTIN). Each serves different purposes, from personal tax filing (SSN, ITIN) to business tax requirements (EIN), adoption processes (ATIN), and for tax preparers filing returns on behalf of others (PTIN).

FAQs & Answers

  1. What is the difference between SSN and ITIN? A Social Security Number (SSN) is issued to U.S. citizens and eligible residents for identification and tax purposes, while an Individual Taxpayer Identification Number (ITIN) is for those who need a U.S. tax ID but are not eligible for an SSN.
  2. Who needs an Employer Identification Number (EIN)? Businesses, nonprofits, estates, and trusts needing to file tax returns, open bank accounts, or hire employees require an EIN issued by the IRS.
  3. What is the purpose of a Preparer Tax Identification Number (PTIN)? A PTIN is required for tax professionals authorized to prepare or assist in preparing U.S. federal tax returns for compensation.
  4. When is a Taxpayer Identification Number for Pending U.S. Adoptions (ATIN) used? An ATIN is issued by the IRS for children in the process of adoption who are not yet eligible to receive an SSN.