Expiring ITINs

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Expiring ITINs

 

Expiring ITINs
This is a reminder that ITINs (Individual
Taxpayer Identification Number) with the middle digits of either 78 or
79 expired at the end of 2016. An individual who has an affected ITIN
will need to renew it in order to use it on a 2016 federal income tax
return that will be filed during the 2017 filing season.
If an
expired ITIN is used on a 2016 return the processing of the return will
be delayed until that ITIN is renewed, which could take up to 11 weeks.
This also could result in the denial of any deductions or credits associated with the expired ITIN.

To renew an ITIN the latest version of Form W-7 (revision date of
September 2016) should be completed and submitted to the IRS. The IRS is
encouraging affected individuals to submit an application as soon as
possible since the application will take seven weeks to process (eleven
weeks during the peak of the filing season).
See the IRS news
release of December 21 – Many ITINs Expire Jan 1; Renew Now to Avoid
Refund Delays for information on how to renew and information on what
steps you need to follow in order to avoid delays in processing the
renewal application.

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