I'm thinking about buying an investment property in the US with my brother-in-law & he will want to be listed on the title and be associated with any related US bank accounts (i.e. the holding account for rent paid, etc.).
How can he get an ITIN to allow us to open a joint account & alllow him to participate in this transaction? I see the ITIN form now requires the applicant to submit a tax return when they apply -- would he just file a tax return with 0 income or would he meet one of the exemptions (no idea who exemption he would fit under).
Thanks for any help or direction.
ITIN for non-resident alien
Moderator: Mark T Serbinski CA CPA
Sure.
But once he has the account (if he can get it), what would he then need the ITIN for other than to file rental income tax, at which point he can ask for ITIN at the time he fist files his return.
But once he has the account (if he can get it), what would he then need the ITIN for other than to file rental income tax, at which point he can ask for ITIN at the time he fist files his return.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
I'm in the south (Atlanta) and my bank let my Canadian-resident father open an account with me as joint. He just had to provide a letter saying why he wanted an account and fill out some forms. I think the key here was that I was a well established customer, so the bank was well disposed.
If you have a decent relationship with your bank, try just asking them.
If you have a decent relationship with your bank, try just asking them.