United States – IRS Advice for Taxpayers with Expiring ITINs
United States – IRS Advice for Taxpayers with Expiring
The U.S. Internal Revenue Service (IRS) is urging taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit renewal applications as soon as possible. All ITINs with middle digits 83 through 87 will expire on December 31, 2019. Taxpayers with expiring ITINs should file Form W-7. Past ITINs with middle digits 70 through 82 may also be renewed.
To subscribe to GMS Flash Alert, fill out the subscription form.
On October 10, 2019, the U.S. Internal Revenue Service (IRS) issued a news release, urging taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit renewal applications as soon as possible.1
WHY THIS MATTERS
All taxpayers expecting to file U.S. tax returns for the 2019 tax year in 2020, but with expiring ITINs, should consider early renewal to avoid delays in having their returns processed and receiving any tax refund.
ITIN Renewal Process
An ITIN is a tax identification number used by individuals who are not eligible to receive a social security number.
Due to changes made to the ITIN program whereby the IRS began deactivating ITINs in 2016, all ITINs not used on a federal tax return at least once during the past three tax years will automatically expire.2 In addition, all ITINs with middle digits 83 through 87 will expire on December 31, 2019. Taxpayers with expiring ITINs should file Form W-7, Application for IRS Individual Taxpayer Identification Number. All family members listed on a taxpayer’s tax return may renew their ITINs at the same time.3 Past ITINs with middle digits 70 through 82 may also be renewed.
Examples of common errors that may delay the renewal process are: (i) missing Form W-7; (ii) not indicating the reason for applying for an ITIN; (iii) missing or incomplete foreign address; and (iv) failing to provide sufficient supporting documentation.
The above information is not intended to be "written advice concerning one or more Federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230 as the content of this document is issued for general informational purposes only.
The information contained in this newsletter was submitted by the KPMG International member firm in United States.
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.