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The feeling of hopelessness that followed was even more crippling than the financial loss itself. It seemed as though all avenues of recourse had been exhausted, and we were left to pick up the pieces of our shattered business. However, our fortunes took a dramatic turn when we discovered Funds Reclaimer Company, a specialized firm dedicated to assisting victims of crypto scams. Their expertise and guidance offered us a glimmer of hope, and we began to learn more about the complex world of cryptocurrency and the measures that can be taken to prevent such scams.

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At Insight we work alongside business owners providing expert advice and getting a real understanding of your business. We provide the support and the tools to give business owners the opportunity to focus on their business and what they do best. Leaving the finances in our capable hands.

Here at Insight Business Solutions, you get more than just an accountant, you get a team. We strongly believe that businesses need more than the traditional once a year accountant who looks back at the past therefore, we look forward and help to establish your future.

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With over 45 years’ experience combined, our team have a thorough understanding of this industry which enables us to provide you with the best and most up to date guidance on all your accountancy needs.

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Determine EligibilityYou need an ITIN if you are required to file a U.S. tax return or if you are a non-resident partner, shareholder, or owner of a U.S. corporation.

Complete Form W-7This form is the official ITIN application. It asks for details like your foreign status and the reason you need an ITIN. Accuracy is important here because errors can delay approval.

Submit Proof of IdentityThe IRS requires original documents or certified copies from the issuing agency. Common documents include passports and national ID cards.

Attach a Federal Tax ReturnIn most cases, you must include a U.S. tax return with your application unless an exception applies.

Mail or Submit the ApplicationYou can send the documents by mail, visit an IRS Taxpayer Assistance Center, or work with a Certifying Acceptance Agent (CAA).The process usually takes about 7 to 11 weeks, but it can be longer during peak tax season.

 Final ThoughtsIncorporating a business in the U.S. is a smart move for international entrepreneurs, but success depends on getting the details right. One of the most important details is the ITIN application. Without it, you may face roadblocks in banking, tax filing, and compliance.

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