The Internal Revenue Service today urged any taxpayer with an expiring Individual Taxpayer Identification Number (ITIN) and a need to file a return in  the upcoming filing season to file a renewal application in the next few weeks to avoid refund and processing delays. In addition, the IRS encouraged people to check their renewal application, Form W-7, carefully before filing and offered tips for avoiding common errors being seen.

La sección 203 de la Ley PATH presenta los requisitos para emitir los ITINs. La provisión requiere que las personas con ITINs emitidos antes de 2013 renueven sus ITINs en un horario en segmentos entre 2017 y 2020. La provisión también determina que un ITIN se expira si la persona no presenta una declaración de impuestos por tres años consecutivos. Finalmente, la provisión manda que el Departamento del Tesoro y el IRS estudien el proceso actual para emitir ITINs con la meta de adoptar el sistema para el 2020 que obligará a todos los solicitantes a que presenten su solicitud en persona.

November 18, 2016

ITIN Breaking News

Section 203 of the PATH Act layouts the requirements for the issuance of ITINs. The provision requires that individuals who were issued ITINs before 2013 are required to renew their ITINs on a staggered schedule between 2017 and 2020. The provision also provides that an ITIN will expire if an individual fails to file a tax return for three consecutive years. Finally, the provision directs the Treasury Department and IRS to study the current procedures for issuing ITINs with a goal of adopting a system by 2020 that would require all applications to be filed in person.

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Figuring out when and how to apply for an ITIN isn’t always easy. Beginning in 2016, new rules mean that taxpayers’ ITINs will now have an expiration date. And if ITIN holders don’t renew their ITINs on schedule, the issue could snowball, delaying their refunds and preventing them from claiming certain tax credits until they renew their ITINs. The application/renewal process could take from 90 to 120 days to complete.

Dear Tax Professional,
It is now Preparer Tax Identification Number (PTIN) renewal season.
All PTINs expire on Dec. 31 and must be renewed annually. You must have a valid PTIN if you plan to prepare any federal tax returns for compensation or you are an enrolled agent.