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A Social Security Number (SSN) is a nine-digit number issued by the Social Security Administration (SSA) to U.S. citizens, permanent residents, and certain temporary residents. The number is issued to an individual by the SSA after verifying his or her identity. The SSN is used to track an individual’s earnings and to provide access to government benefits. It is also used by financial institutions to verify an individual’s identity when opening a bank account or applying for a loan. The SSN is issued for life and does not need to be renewed.
All financial institutes need a TIN or SSN from their client if the client is a US Person for tax purposes. This can come as a surprise to the customer of the bank or financial institute because they are not always aware of having American citizenship.
To obtain an SSN, you must complete complex application forms and provide various documents to prove your residence and identity, including your birth certificate. The duration of the application process varies between countries, taking anywhere from 4 weeks to a year. Contact the Social Security Administration (SSA) in your country of residence to apply.
Do you have or think you have an SSN number? You can also request a replacement card from the SSA.
You need a Social Security Number (SSN) for various reasons, such as to work in the US, file taxes, open a bank account, apply for US government benefits, and obtain a US passport.
If you have little to no ties to the US, it is likely that you will only use an SSN to file tax returns in the US and need it to give up to financial institutions outside of America. These institutions need to report your SSN annually if you are a US person.
Need more help or can’t find certain information? Ask about the Social Security service at Americans Overseas, we are here to help you get through the process and inform you of all rights and obligations.
Take advantage of our experience and get in touch, no strings attached.
After we received your information, we’ll set up a consult – free of charge and without any obligation – to fully asses your situation and to give us a better understanding of how we can help you.
Based on the complexity of your situation, we’ll provide the right information that you need or set you up with a specialized tax advisor that will help you further.
Understanding the US tax system, the obligations and all the additional terms can be difficult. Especially if one lives outside of America. Is your question not answered? Contact us.
U.S. citizens and resident aliens who live abroad are generally required to file a federal income tax return and pay taxes on their worldwide income.Read more... about Who is required to file taxes in the US?
Yes, US citizens are required to file taxes on their worldwide income, regardless of where they are living.
Received an American check? You can cash your check in the following ways: cash the check at your own bank, transfer to another person (endorsement), cash checks using an online service or cash the check by another bank.Read more... about How can I cash my US check?
US citizens living abroad may be required to file Form 2555 and/or Form 1116 to claim the foreign earned income exclusion.Read more... about Are there any special tax forms required for US citizens living abroad?
FBAR (Foreign Bank Account Report) filing is the requirement for certain U.S. individuals and entities to report their foreign financial accounts to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury. The FBAR filing requirement applies to U.S. persons who have a financial interest in, or signature authority over, one or more foreign financial accounts, if the aggregate value of those accounts exceeds $10,000 at any time during the calendar year.Read more... about What is FBAR filing?