If you have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number (SSN), you might need to act now or you'll be unable to file a tax return for 2017. Here is what you need to know. What to Know about ITINsITINs are identification numbers issued by the federal government for people who are not eligible to receive a SSN. An ITIN can be used to file tax returns and is also a form of identification often required by banks, insurance companies, and other institutions. Unfortunately, ITINs are also a source of identity fraud. To fight this, the 2015 PATH Act made considerable modifications to the program. Now many ITINs will expire if not renewed by December 31.
Renew Your ITINDon't wait until the last minute to realize your tax return has been rejected and your refund delayed because of an expired ITIN. To renew, fill out Form W-7 with the required support documents. To learn more, visit the ITIN information page on the IRS website.
1 Comment
4/15/2018 12:33:26 pm
Wow! really nice news for me. Actually, ITIN can be used to file tax returns and is also a form of identification often required by banks, insurance companies, and other institutions. I am very happy to know about ITIN renew details.
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