The IRS has made changes to the Individual Taxpayer Identification Number (ITIN) program as a result of the Protecting Americans from Tax Hikes (PATH) Act. It has further reminded by sending notices for ITIN renewal before 31st December 2018. As you know ITIN is not only used for tax purpose but also for identification by many organizations -like banks, insurance companies or schools.Further , ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security Number (SSN). So , it is important that you renew yours and your family member’s ITIN.
Who needs ITIN Renewal?
As per IRS Fact Sheet “, following types of ITIN shall expire by 31st December 2018
- All ITINs not used on a federal income tax return at least once for tax years 2015, 2016 or 2017, will expire on December 31, 2018.
- Additionally, all ITINs with middle digits 73, 74, 75, 76, 77, 81 or 82 will expire at the end of this year.
- If you are a taxpayer with an ITIN with middle digits 71, 72, 78, 79 and 80 that has already expired last year, you will also need to renew your ITIN if you will have a filing requirement in 2019.
What happens if you do not renew ITIN?
If you have an expired ITIN, your federal income tax return will be processed, but exemptions and certain tax credits will be disallowed. Further , non ITIN renewal may cause refund and processing delays in 2019.
How to Renew ITIN?
You can mail ITIN application- a federal form W-7 together with the required documentation to the address on the instructions, work with Certifying Acceptance Agents (CAAs) authorized by the IRS, or call and make an appointment at a designated IRS Taxpayer Assistance Center.