Time to Renew Expiring ITINS
For taxpayers who require an ITIN (Individual Taxpayer Identification Number), now is the time to renew it before the end of the year. An ITIN is a tax processing number that is issued by the IRS to individuals who are required to have a U.S. taxpayer number but are not eligible to obtain a social security number, in order to file a tax return with the IRS and the taxpayer is looking to obtain a refund.
A taxpayer will need to renew an ITIN if:
- An ITIN has not been used in the last three filing years, as these are set to expire December 31st, 2017
- An ITIN was issued before 2013 with the middle digits of 70, 71, 72, or 80 (Example: (9XX-70-XXXX) are set to expire December 31st, 2017.
- An ITIN is set to expire, and taxpayer has been notified via an IRS notice.
Taxpayers whose ITINS are set to expire are advised to renew their ITINs immediately, as taxpayers should allow seven weeks from the mailing dated of the Form W-7, and nine to eleven weeks if the Form W-7 is submitted during peak processing periods (January 15th– April 15th). To renew an expiring ITIN, a taxpayer must complete Form W-7, along with valid supporting documentation by the supporting agency, identification documents, and any other required attachments. No tax return is required for the renewal application.