Do You Need to Renew?
There has been a significant adjustment regarding
Individual Taxpayer Identification Numbers (ITIN). They are used by Taxpayers who are not eligible for a Social
Security number. Many of these expired on January 1 and need to be renewed in
order to be used again.
An
adjustment made to the PATH Act, made it so that an ITIN that has not been used in the past 3 years has expired. Any ITIN with middle digits of 78 or 79 are
also no longer valid. Renewal applications for these identifiers must be turned
in soon because the process can take up to 11 weeks. See your Tax
Professional for assistance.
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