The Internal Revenue Service (IRS) on Wednesday urged taxpayers whose Personal Taxpayer Id Numbers (ITIN) expires this current year to renew them as quickly as possible in order to avoid additional complications with their tax returns in the foreseeable future.
“Applying now, while in the off-season, will ensure more quicker services,” IRS Commissioner of Wages in addition to Investment Kenneth Corbin informed a news conference.
The renewal procedure for 2018 that began Wednesday, 3 months earlier than last year, is for tax payers who’ve not used their ITIN on a federal tax return at least one time within the last three consecutive years and will expire on the 31st Of December 2017, in addition to the ITINs with the middle digits 70, 71, 72 or 80, which also expire at the end of the year.
These taxpayers have the option of renewing the ITIN for the entire family at one time, as well as those who received an IRS renewal notice and the family members have an ITIN that does not have these numbers in the middle.
Family members who may be included are the spouse and any dependents claimed in the tax return, the internal revenue service warned.
Also, taxpayers with ITIN numbers 78 and 79 in the middle expired last year, can also renew them starting today.
“If taxpayers have an ITIN that has expired and they do not renew it ahead of the tax season next year, they may face a delay in their refunds and they may not be entitled to specific credits,” the official said.
The IRS will send a notice (CP-48) this summer to tax payers who must renew their ITIN to file a tax return, which will explain the steps to take to renew the document.
However, Corbin urged the nearly 1.3 million affected contributors to renew their ITIN before receiving the mail reminder in August.
Among the documents to be submitted for renewal of the ITIN are US medical reports of dependents under the age of 6, school records for dependents under the age of 18, rental bills, bank statements, or utility bills with the name of applicant And an address in the United States, if you are over 18 years of age.
Taxpayer Identification Numbers or ITINs are widely-used by people who are not eligible for a Social Security number to file income taxes.
The new requirements were approved in 2015 under the American Tax Rise Protection Act (PATH).