January 2012 Blog Posts
Questions often arise regarding use of
ITIN's for tenant
screening background checks.
According to Internal Revenue
Service Publication 1915, "An ITIN (Individual Taxpayer Identification Number)
is a tax processing number, issued by the internal Revenue Service, for certain
resident and nonresident aliens, their spouses, and their dependents. It is a
nine-digit number beginning with the number “9”, has a range of numbers from
“70” to “88” for the fourth and fifth digits and is formatted like an SSN (i.e.
9XX-7X-XXXX)."
ITIN's are only available to
individuals who are required to have a taxpayer identification number for tax
purposes but who do not...
Verifying rental history
is an essential part of the
tenant screening process. Rental verifications
compliment credit and public records searches or background checks,
by:
Detecting eviction
activity that may not yet have found its way into public records data or
onto the credit report (as a civil judgment).
Revealing violations
of landlord rules and regulations that may not have risen to the level of an
eviction but are nevertheless important to you.
Providing you with a
more complete view of the kind of resident the applicant has been and is
likely to be.
Logically, recent problems
are most likely to go undetected...