Marcum LLP Designated by IRS as Certified Acceptance Agent
New York City, NY – Marcum LLP is now designated a Certified Acceptance Agent (CAA) by the Internal Revenue Service (IRS). The CAA designation establishes Marcum as an agent of the IRS authorized to process applications for Individual Taxpayer Identification Numbers (ITINs) for foreign nationals who have tax filing requirements in the United States.
More than 1 million existing ITINs expired on December 31, 2017, and will need to be renewed by foreign nationals wishing to maintain proper taxpayer status in the U.S. ITINs are issued to those required to file taxes under U.S. law but who are not eligible for Social Security numbers. Formerly permanent, ITINs became expirable under the Protecting Americans from Tax Hikes (PATH) Act of 2015, subject to certain parameters. Each year the IRS announces an arbitrary numerical range of ITINs that have been selected to expire. In addition, all ITINs now expire if not used for three consecutive years or after 10 years from date of issue, whichever occurs first.
Marcum is one of only two non-“Big Four” national accounting firms to hold CAA status with the IRS.
“The Certified Acceptance Agent designation expands the range of services Marcum is able to offer our international tax clients, smoothing and quality-checking the process while ensuring that valuable original documents remain in taxpayers’ possession,” said Mark Chaves, co-leader of Marcum’s International Tax Services Practice.
Marcum’s U.S. Tax Compliance team provides a broad range of compliance and preparation services related to foreign and international tax reporting, including: general compliance services for U.S. corporations and individuals with foreign-based businesses and investments; data gathering for U.S. international tax forms; U.S. international tax calculations; accounting and tax preparation services for foreign nationals and foreign-owned businesses; withholding tax returns for U.S. payers to foreign persons; income tax services for U.S. individuals with beneficial interests in foreign trusts; and estate tax returns for nonresident aliens.
Certified Acceptance Agent Services
Learn more about Marcum’s Certified Acceptance Agent Services.
About Marcum LLP
Marcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum’s industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. The Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum.