Changes in ITIN procedure to affect new immigrants, plus those planning to come to the US, reports the Economic Times.
“The objective of these changes was to prevent fraudulent transactions. The IRS noticed an increase in fraudulent claims of certain provisions such as child tax credits and hence introduced these new stringent requirements. As a result, this will impact all immigrants,” explains Roy Vargis, an Illinois based CPA and promoter of www.IndianCPA.com.
Read the full story at The Economic Times.