The IRS today issued a release to remind taxpayers affected by changes involving the individual taxpayer identification number (ITIN) program that they can now begin submitting their ITIN renewal applications to the IRS.
Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, any ITIN not used on a federal tax return at least once in the last three years will no longer be valid for use on a tax return as of January 1, 2017.
The IRS release—IR-2016-129 (October 6, 2016)—explains that taxpayers with ITINs that have not been used on a federal income tax return in the last three years will not be able to file a return unless their ITINs are renewed. The IRS cautions taxpayers who have ITINs that are scheduled to expire, and who need to file a tax return, not to delay.
Today’s IRS release addresses: (1) which taxpayers needs to renew an ITIN; and (2) sets out how to renew an ITIN. The IRS began accepting ITIN renewals on October 1.
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