Paul A. Garcia, P.A. Expands International Tax Services for Foreign Individuals and Nonresidents of United States by Signing Agreement with Internal Revenue Service

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Paul A. Garcia, P.A., a Certified Public Accounting and Consulting firm with offices in Coral Gables, Florida is pleased to announce the expansion of its international tax services for foreign individuals and nonresidents. The firm has signed an agreement with the Internal Revenue Service to act as a Certifying Acceptance Agent to assist in expediting the processing of Form W-7: Application for IRS Taxpayer Identification Number.

We are honored to participate in the Agent Acceptance Program with the IRS and do our part to help expedite the processing of these forms for nonresidents.

Paul A. Garcia, P.A. has provided international tax services to foreign individuals and nonresidents for 29 years. The addition of the new service was a pro-active move by the Coral Gables based accounting firm as a result of recent changes by the Internal Revenue Service to the Individual Taxpayer Identification Number (TIN) application process for Form W-7.

Miami’s economy continues to become more diversified than ever with more foreigners continuing to travel and work in the city referred by many as the “Gateway to the Americas” due in large part because of its close proximity to Latin America and the Caribbean. According to the U.S. Census Bureau, it is estimated that approximately 51.2% of Miami-Dade County’s population during the five year period 2008 thru 2012 consisted of foreign born persons.

Foreign born persons requesting an ITIN should understand that an ITIN is for federal income tax purposes only. This identification number does not change a nonresident’s immigration status or right to work in the United States. The Internal Revenue Service issues ITINs to individuals who are required to have a taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number.

Eric E. Santa María, director at Paul A. Garcia, P.A. will be the responsible party at the firm for the signing and certification of the applications pursuant to §301.6109-1(d)(3)(iv) of the Income Tax Regulations and Revenue Procedure 2006-10. “We are honored to participate in the Agent Acceptance Program with the IRS and do our part to help expedite the processing of these forms for nonresidents,” said Mr. Santa María.

As an IRS Certifying Acceptance Agent (CAA) the firm will be responsible for reviewing allowable documents, assisting with the preparation of required forms, and forwarding the completed Form W-7 (often with a U.S. Nonresident Alien Income Tax Return Form 1040NR) to the Internal Revenue Service. The CAA also submits a Certificate of Accuracy that substantiates the ITIN applicant’s claim of foreign status and identity.

In effect as of January 1, 2013, the IRS has announced ITINs will expire if not used on a federal income tax return for five consecutive years. The IRS has indicated it will not begin deactivating ITINs until the year 2016. Nonresidents would be required to re-apply for a new ITIN if their ITIN is deactivated.

“Nonresident individuals are sometimes subject to unnecessary delays in the processing of Form W-7. As a CAA, we submit the application on behalf of the foreigner and receive the ITIN directly from the IRS, making the process much more streamlined,” said Mr. Santa María. All professionals at Paul A. Garcia, P.A. are fluent in English and Spanish and are available to assist in the preparation of the tax forms.

Related Content: Paul A. Garcia, P.A. expands international tax services for foreign individuals and nonresidents of United States by signing agreement with Internal Revenue Service.

About Paul A. Garcia, P.A.
Founded in 1985, Paul A. Garcia, P.A. is a boutique certified public accounting and consulting firm in Coral Gables, Florida specializing in providing individuals and businesses with a full range of tax preparation, accounting, business valuation, estate & trust planning, tax consulting, and forensic litigation support services.

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Eric E. Santa María, CPA/ABV/CFF, CAA, MST
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Paul A. Garcia, P.A.

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