Advertisement
taxes

Year-End Tax Tip: Renew Your Expiring Individual Taxpayer Identification Number (ITIN)

Beat the rush and avoid refund delays by renewing your ITIN before the end of the year.

Now's the time to act if you have an Individual Taxpayer Identification Number (ITIN) that expires in 2019—you need to renew your ITIN as soon as possible! (An ITIN is a tax ID number used by taxpayers who can't get a Social Security number.) Nearly 2 million taxpayers have ITINs expiring this year, so the IRS expects processing delays for people who wait. But you can get your ITIN renewed more quickly and avoid refund delays in 2020 by submitting your renewal application before the end of the year.

Any ITIN with middle digits 83, 84, 85, 86 or 87 expires in 2019, as does any ITIN not used on a tax return in the past three years. You can also renew ITINs with middle digits 70 through 82 that expired in 2016, 2017 or 2018.

Advertisement - Article continues below

To renew an ITIN, simply submit Form W-7 to the IRS. Don't forget to include all required ID and residency documents, though. The IRS won't process your renewal application until it receives these documents. Send either original documents or copies of documents certified by the issuing agency.

Also indicate the reason for applying. If Reason B (non-resident alien) is marked, you must also include a complete foreign address.

Do other members of your family have ITINs, too? If so, the IRS will accept W-7 forms from everyone in the family if at least one family member listed on a tax return has an ITIN expiring at the end of this year. So, in this case, the whole family can apply at the same time.

If you submit a Form W-7 before the end of the year, allow seven weeks for the IRS to notify you of your ITIN application status. You'll have to wait nine to 11 weeks if you mail the form in 2020 or if you're filing from overseas.

Don't want to mail your documents? You may be eligible to use an IRS authorized Certifying Acceptance Agent (CAA) or make an appointment at a designated IRS Taxpayer Assistance Center. That way, you can hand-deliver your documents to the IRS. To find a local CAA in your area, go to www.irs.gov/individuals/acceptance-agent-program.

For more information, check out the FAQ page on the IRS website…but don't wait too long!

Advertisement
Advertisement

Most Popular

18 Things You Can't Return to Amazon
Smart Buying

18 Things You Can't Return to Amazon

Before tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
September 17, 2020
Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
Insurance for Long-Term Care at Home
retirement

Insurance for Long-Term Care at Home

In the wake of COVID-wracked nursing homes, increasingly more people are looking at options to age in place with long-term care insurance.
September 17, 2020

Recommended

Most-Overlooked Tax Breaks for the Newly Divorced
tax deductions

Most-Overlooked Tax Breaks for the Newly Divorced

Filing taxes after a divorce can add yet another problem to an already long list of challenges. But here are some tips to make your return to single l…
September 18, 2020
When Are 2020 Estimated Tax Payments Due?
tax deadline

When Are 2020 Estimated Tax Payments Due?

If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
September 11, 2020
How to Create Income for Life
Financial Planning

How to Create Income for Life

Having a paycheck you can depend on in retirement is more important than ever.
August 26, 2020
11 Tips on How and When to File an Amended Tax Return
tax returns

11 Tips on How and When to File an Amended Tax Return

What to do if you discover a mistake on a previous tax return (and other reasons for filing an amended return).
August 25, 2020