Do you have an Individual Taxpayer Identification Number? Do you pay your taxes via an ITIN? People with an Individual Taxpayer Identification Number that will expire in the course of this year need to submit a PIN renewal request. This will help you avoid and prevent tax refund delays in the coming year at no cost.
However, it is not only those people who have their PINs expiring this year who need to renew. The following are stated situations in which one should renew his/her number before heading into the New Year.
- People with their ITINs number which have the following central numbers: 70, 71, 72, or 80 should ensure they file a PIN renewal request, especially if they have to file returns in the coming year.
- Individuals who have had their PINs expire due to dormancy and want to file returns in the coming years should file a PIN renewal request.
- Taxpayers who have an ITIN PIN that is already expired and need to file returns in the coming year should also ensure they file a renewal request.
- Individuals with a Social Security Number should not renew their ITIN, but should instead inform the IRS.
In order for one to renew his/her ITIN number, one has to fill out Form W-7 and submit all the documentation with valid certificates and identification details. The following methods are suggested to submit or file a renewal of an ITIN:
- Send the package through an email address of the IRS listed on the form W-7 set of instructions. The IRS staff will review the form and they will respond within 60 days.
- Work with a certified acceptance agent to help you renew your PIN.
- Make an appointment with the IRS taxpayers’ agents’ assistance centers.
The IRS will be receiving and accepting renewal requests throughout the year. ITIN renewal applicants who need help can visit IRS.gov/ITIN.
Please do not wait until the last minute and then discover your tax return has been rejected and your refund is delayed because of an expired ITIN. Do it early to avoid any unnecessary delays. If you need further assistance, leave a comment below and I will get back to you as soon as I can.
Happy Holidays!
Eric Lawrence Frazier, MBA
President and CEO
NMLS #461807 CalBRE #01143484
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