What is the significance of getting a 98 number from the Philadelphia IRS

Receiving a "98 number" from the IRS, particularly in the context of the Philadelphia IRS office, typically refers to the issuance of an Individual Taxpayer Identification Number (ITIN) for individuals who are not eligible for a Social Security Number (SSN). ITINs are used for tax purposes and allow individuals to file tax returns and comply with U.S. tax laws. The significance of obtaining an ITIN (indicated by a "98" prefix) includes: 1. **Tax Compliance**: It allows individuals to report their income and pay taxes in the U.S., ensuring compliance with federal tax laws. 2. **Eligibility for Tax Benefits**: Individuals with an ITIN may be eligible for certain tax credits and refunds, such as the Child Tax Credit or the Earned Income Tax Credit (if they meet other qualifications). 3. **Ability to Open Bank Accounts**: Some banks allow individuals with ITINs to open accounts, which can facilitate managing finances and receiving payments. 4. **Filing Tax Returns**: Without an ITIN, non-resident aliens or individuals not eligible for SSNs may be unable to file a tax return or report income. 5. **Avoiding Penalties**: Having an ITIN can help individuals avoid potential penalties for failing to file taxes when required. It's essential to verify the context and specifics of what you mean by a "98 number," as it could vary in significance depending on individual circumstances. If this refers to something other than an ITIN or specific IRS process, please provide more details.