When and How to Renew Your ITIN

When and How to Renew Your ITIN


A law passed in December 2015 made changes
to the ITIN program that may affect you. The law requires ITIN holders to renew their
ITIN number. This video will help you figure out when and
how to renew your ITIN. First, What is an ITIN? An ITIN is a tax processing number issued
by the Internal Revenue Service. ITINs are given to individuals who are required
to have a U.S. taxpayer identification number but are ineligible for a Social Security Number
(SSN). ITINs are issued regardless of immigration
status, and are used for filing your federal taxes There are two groups of ITIN holders who may
need to renew: those who have not used their ITIN on a federal income tax return
for three years in a row, and those whose number is expiring. If you do not use your ITIN on a federal income
tax return for three years in a row, it will expire on December 31st of the third consecutive
year of non-use. This rule applies to all ITINs, regardless
of when the ITIN was issued. If you do not need to file a tax return again
this year, you do not need to take any action. You only need to renew your ITIN if you plan
to file a federal tax return. Even if you have used your ITIN to file a
tax return within the past three years, your ITIN will still expire on a rolling basis. ITINs issued before 2008 remain in effect
until January 1, 2017. ITINs issued in 2008 remain in effect
until January 1, 2018. ITINs issued in 2009 or 2010 remain in
effect until January 1, 2019. ITINs issued in 2011 or 2012 remain in
effect until January 1, 2020. If you’re not sure when your ITIN was issued,
you can check by looking at the middle digits of your number. Each ITIN begins with the number 9 and has
fourth and fifth digits that range from 50-65, 70-88, 90-92, and 94-99. ITINS with the middle digits 78 and 79 were
due for renewal January 1, 2017. How do I renew my ITIN number? To renew your ITIN, you will need to submit
Form W-7, along with the required original or certified documentation. You can find Form W-7 on the IRS website. Check the box that says “renewal” and
follow the instructions on the form. If you are submitting a tax return with your
renewal, attach it to Form W-7. If you are not submitting a tax return at
this time, you may ignore that instruction and send the renewal form at any time. In fact, if your ITIN has already expired,
you should send in a renewal form as soon as possible, rather than waiting until you
file your tax return. This increases your chance of having a valid
ITIN before you file your tax return. You may mail the form with original identification
documents or copies that have been certified by the issuing agency. Mail your documents to the IRS address listed
on the form. The IRS will return your identification documents
within 60 days. You may also take your form and documents
to an IRS authorized Certified Acceptance Agent. A list of these agents can be found on the
IRS website. If you do not wish to mail your original documents
to the IRS, you may visit an IRS Taxpayer Assistance Center instead of mailing original
identification documents. A list of the Taxpayer Assistance Centers
can be found on the IRS website. Special Family Option: Do several people
in your family have ITIN numbers? If so, the IRS offers an opportunity for families
to renew their ITINs at the same time. If you, your spouse, or a dependent is due
for their renewal and receives a renewal letter from the IRS, the entire family can renew
their ITINs at the same time. Failing to Renew Your ITIN May Cost Your Money
Failing to renew your ITIN may cost you time and money. If you file your taxes with an invalid or
expired ITIN, it will likely result in a delay processing your tax return. This means any refunds will be delayed. Your refund could also be reduced or you could
lose tax credits. Take the time now, renew your ITIN, and get
the most money back in your pocket. If you need assistance, or have questions,
call Legal Services of New Jersey’s Tax Legal Assistance Project at 1-888-LSNJ-LAW.

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