The conversation between human and AI assistant.
What is TIN? Why is it necessary? How do I apply for it? Are there any fees for applying and in how much time may I get it?
That makes sense. Why is it necessary to have a TIN?
It's necessary because it allows the IRS to keep track of your tax reporting and payment. If you don't have a TIN, you may not be able to open a bank account, apply for a loan, or get certain types of government benefits.