Renew ITIN Number 2019
Over 2 million ITINs are expiring for US tax returns that are being filed in 2019 for the 2018 tax year. These ITINs will need to be renewed before the tax return is processed else, certain tax credits and any exemptions will be disallowed. Taxpayers will receive a notice in the mail advising them of the change to their tax return and their need to renew their ITIN. Once the ITIN is renewed, applicable credits and exemptions will be restored and any refunds will be issued.
Additionally, several common errors can slow down and hold some ITIN renewal applications. These mistakes generally centre on missing information or insufficient supporting documentation, such as name changes. The IRS urges any applicant to check over their form carefully before sending it to the IRS.
Who should renew an ITIN
Taxpayers whose ITIN is expiring and who need to file a tax return in 2019 must submit a renewal application. Others do not need to take any action. ITINs with the middle digits 73, 74, 75, 76, 77, 81 or 82 (For example: 9NN-73-NNNN) need to be renewed even if the taxpayer has used it in the last three years. The IRS will begin sending the CP-48 Notice, You must renew your Individual Taxpayer Identification Number (ITIN) to file your U.S. tax return, in early summer to affected taxpayers. The notice explains the steps to take to renew the ITIN if it will be included on a U.S. tax return filed in 2019. Taxpayers who receive the notice after taking action to renew their ITIN do not need to take further action unless another family member is affected.
ITINs with middle digits of 70, 71, 72, 78, 79 or 80 have previously expired. Taxpayers with these ITINs can still renew at any time.
Spouses or dependents residing inside the United States should renew their ITINs. However, spouses and dependents residing outside the United States do not need to renew their ITINs unless they anticipate being claimed for a tax benefit (for example, after they move to the United States) or if they file their own tax return. That’s because the deduction for personal exemptions is suspended for tax years 2018 through 2025 by the Tax Cuts and Jobs Act. Consequently, spouses or dependents outside the United States who would have been claimed for this personal exemption benefit and no other benefit do not need to renew their ITINs this year.
How to renew an ITIN
Complete a form W-7
Attach supporting documentation if required (this is not required for a renewal)
Mail the form to the ITIN unit in Austin Texas along with original identification documents or copies certified by the agency that issued them. The IRS will review the identification documents and return them within 60 days.
Work with a Certifying Acceptance Agent (CAAs) authorised by the IRS to help taxpayers apply for an ITIN. CAAs can authenticate all identification documents for primary and secondary taxpayers, verify that an ITIN application is correct before submitting it to the IRS for processing and authenticate the passports and birth certificates for dependents. This saves taxpayers from mailing original documents to the IRS.
Just Breve is a Certifying Acceptance agent and can assist with all ITIN applications. Get in touch today:
You have the choice of visiting us at our office near Heathrow airport (J4b off the M4). OR we can visit you if you prefer. Fixed fees in all cases.