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.
Individual Tax Identification Number or ITIN is soon going to expire for many taxpayers, and IRS has issued a reminder on 18th October 2016 that taxpayers whose ITIN is expiring can begin submitting their ITIN renewal applications to the IRS. This post is explaining the importance of ITIN , why the ITIN expired for some .