İlayda Şencan

İlayda Şencan

Chief Executive Officer at Clemta

“CEO of Clemta and an IRS-recognized CAA, helping 20,000+ entrepreneurs from 170+ countries form and manage US companies. A corporate lawyer who previously advised tech companies and startups on cross-border relocation, she writes about incorporation, US expansion, and compliance.”

Articles by İlayda Şencan

Do ITIN Holders Need to File Individual Tax Returns (1040)?

Do ITIN Holders Need to File Individual Tax Returns (1040)?

The Individual Taxpayer Identification Number (ITIN) is a tax-processing number issued by the IRS for individuals who are not eligible for a Social Security Number (SSN). Whether ITIN holders need to file taxes depends on factors such as US-sourced income, residency status, and eligibility for tax credits or deductions. Generally, ITIN holders with US income or those claiming tax benefits must file a tax return using either Form 1040 or 1040-NR, depending on their tax residency status. Understanding your obligations ensures compliance and helps avoid penalties.