DOES YOUR ITIN NEED TO BE RENEWED?
Last year was the first year the IRS had individuals with an itin renew. If your itin hasn’t been used in the past 3 years or the digits where certain numbers in the middle you had to renew.
This can be a tedious process if you don’t have all the documents you have to turn in. IRS is accepting renewals now. It would be really smart to start the process or seek the help you need to do so. Once it’s tax time u will want to have it done so you can file your taxes.
Once tax time approaches getting renewals in and thinking your tax refund will be refunded to you in a timely manner is not idea and probably won’t be looked at for awhile.
If your ITIN has the middle digits of 70,71,72 or 80 it’s time for renewal. You may also do the renewals for middle numbers 78 and 79 which are already expired. Yes, these still need to be done if you have filed a return in the past three years.
IRS will send you a letter if you need to renew. The entire family has the option to renew, even if their itin hasn’t expired yet. I think that’s pretty cool to get it out the way. Follow the instructions on the form. If it’s to complicated contact your local tax office to receive some help. W7 is the form you will need to complete the process.