Mandatory ITIN Renewal

September 20, 2016

Important changes coming in October – If you are a taxpayer with an Individual Taxpayer Identification Number (ITIN), there is an important change that takes effect October 1, 2016. ITINs must be renewed if one of the following two criteria applies:

  • The ITIN has not been used on any tax filing for 2013, 2014, or 2015.
  • Issuance prior to 2013, with middle digits 78 or 79 (9xx-78-xxxx and 9xx-79-xxxx).

You can only renew your ITIN by submitting form W-7 to the IRS by mail or at a walk-in IRS office. The link provided here is to the most recent form, which is the only version that may be used for ITIN renewal. While the renewal process can take up to 60 days, failing to renew your ITIN prior to a tax return filing will result in refund delays and loss of various tax credits, until it’s reestablished.

Don’t wait for a renewal notice in the mail from the IRS to affected taxpayers, we recommend that those with ITINs be proactive and renew if necessary, to be prepared for this upcoming filing season.

Schedule a consultation with an experienced Aprio advisor to discuss your Individual Tax needs.