Thursday, October 10, 2019

2 Million ITINs Set to Expire in 2019 - Renew to Avoid Refund Delays


On June 20, 2019 we posted Millions of ITINs Are Set to Expire in 2019 where we discussed that in  IR-2019-118 the IRS stated that nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year.
“We urge taxpayers with expiring ITINs to take action
and renew the number as soon as possible.
 
  Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal application soon, the Internal Revenue Service said on October 10, 2019.

An ITIN is a tax ID number used by taxpayers who don’t qualify to get a Social Security number. Any ITIN with middle digits 83, 84, 85, 86 or 87 will expire at the end of this year.

In addition, any ITIN not used on a tax return in the past three years will expire.

As a reminder, ITINs with middle digits 70 through 82 that expired in 2016, 2017 or 2018 can also be renewed.

The IRS urges anyone affected to file a complete renewal application, Form W-7, Application for IRS Individual Taxpayer Identification Number, as soon as possible.

Be sure to include all required ID and residency documents. Failure to do so will delay processing until the IRS receives these documents.

With nearly 2 million taxpayer households impacted, applying now will help avoid the rush as well as refund and processing delays in 2020.
 
Have a IRS Tax Problem?
 

  
Contact the Tax Lawyers at 
Marini& Associates, P.A. 
 
for a FREE Tax HELP Contact Us at:
orToll Free at 888-8TaxAid (888) 882-9243
 

No comments:

Post a Comment