Is your ITIN Expiring?
At the end of this year, certain Individual Taxpayer Identification Numbers (ITINs) will expire unless renewed. The ITIN must be renewed if one of the following criteria is met:
- The ITIN has not been used on any tax filing for 2017, 2018, or 2019.
- The ITIN was issued before 2013 and whose middle digits are 90 through 99 ( 9XX-90-XXXX through and including 9XX-99-XXXX).
Renewal of the ITIN is done on form W-7 which is then submitted to the IRS by mail, by making an appointment to walk into certain taxpayer assistance centers that have re-opened, or through an acceptance agent or certifying acceptance agent. Normally it typically takes 60 days for the IRS to renew the ITIN.
The applicant needs to bring original documents when applying in person or with a certifying acceptance agent, the original documents will be reviewed, copied, and the original returned to the applicant at that time. The passport is the only valid stand-alone document. If applying by mail, or with an acceptance agent, the original documents must be mailed to the IRS. The IRS returns the originals with the ITIN renewal confirmation notice.
Though the IRS is in the process of mailing notices to affected taxpayers, we recommend that those with ITINs be proactive and renew now. Due to the state of the post office and the massive backup of mail due to COVID, renewing as soon as possible is the best course of action.
Aronson has a certifying acceptance agent on staff to assist our clients with the renewals conveniently and safely. If you have questions about this matter please contact Laurence C. Rubin, CPA.