Presti & Naegele Becomes IRS Certifying Acceptance Agent

Presti & Naegele has recently been authorized by the IRS to act as a Certifying Acceptance Agent. This designation allows the firm to assist foreign clients in obtaining an individual taxpayer identification number (ITIN), a U.S. tax processing number issued by the IRS for foreign individuals who are required to file a U.S. individual tax return. We are able to facilitate the application process by reviewing the necessary documents and forwarding completed forms to the IRS on behalf of our clients.

The IRS issues ITINs to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for Social Security Numbers. Examples of individuals who need ITINs include:

• A nonresident alien required to file a U.S. tax return (e.g., for U.S. rental property)
• A U.S. resident alien (based on days present in the United States) filing a U.S. tax return
• A dependent or spouse of a U.S. citizen/resident alien
• A dependent or spouse of a nonresident alien visa holder

As a Certifying Acceptance Agent firm, Presti & Naegele can assist foreign individuals that have income producing investments in the U.S. (e.g., real estate) with the ITIN application and tax return filing process as well as provide more comprehensive international taxation services.