If I applied for ITIN, will I need to pay taxes?

[Novice]

PayPal requires ssn or ITIN for US business account for an LLC. I've seen an advertisement that offer obtaining ITIN for around $499 to open PayPal, bank account and others. I'm not interested in opening a bank account right now as I do have mercury already and it's great so far.

I'm interested in having a US PayPal account.

My question is, will I be responsible for paying taxes for the irs even if I'm not in the US? I have an Asian nationality and lives in Asia.

Thank you

P.s
I've read somewhere that I can apply apply for ITIN myself without the hefty fees they're asking for. But I'm concerned about having to pay taxes of I got one.

 

[Sols]

Having a tax ID does by itself not make you liable for tax. Tax liability‌ is determined based on other factors (location of operations and customers, for example).

 

[Novice]

Wonderful

Location of operations and customers are almost 100% non-us

Do you⁠ think the offered service for obtaining an ITIN worth the $499 fees they're asking for?⁤

https://einexpress.com/itin-offer
I've read that I can apply for ITIN myself, is that true?

 

[Sols]

That price is normal. Going through a CAA makes it easier and might save some‌ time. But you could do it yourself, I believe. The information should be on the‍ IRS website.

 

[FastPony]

https://www.irs.gov/pub/irs-pdf/fw7.pdf
The form literally has just 1 page ... so if you're providing honest information,‌ why pay $499 for someone else to do it?

 

[Capa]

I think the biggest issue is sending IRS the passport through mail. They wanted the actual‍ passport. High risk of being lost in mail.
With CAA, I think they can verify⁠ on behalf, set up a Skype call like that to review the passport.

I'm thinking⁤ of doing the same because I wanted to build a US credit history since I'm⁣ aiming for those US travel miles credit card. Any good idea of getting a Chase⁢ Preferred without ITIN/ 1 year waiting etc, let me know.

 

[SaintVince]

A friend of mine used one of the credit repair agencies and they obtained︀ a tax number for him,over 6 months he managed to get basic credit history and︁ couple of secured cards. Then eventually he got the mileage cards

 

[Capa]

Does your friend need to go to US to use the credit repair agency? What's⁤ the difference with the DIY approach, and how much does it cost?

 

[SaintVince]

You can google the . Typically it will cost you around $750-1000 in‍ stages.
what DIY options are you familiar with?

 

[tomwis]

Have you managed to get that ITIN? Did you︂ go $499 or DIY route? How long did it take?

 

[startfleetio]

It is impossible to apply for‍ ITIN yourself. You need a Certified Acceptance Agent to do that for you.