October 23, 2019 - Douglas Myser

Two million tax id numbers to expire. The Internal Revenue Service has issued a reminder to taxpayers with an expiring Individual taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020. In a renewed emphasis on security, due to increased Identity Theft and Refund Fraud, ITINs have been a part of the effort to combat both of these threats. Taxpayers need to keep up with the renewal of these applications, to ensure no needless delays in tax related matters. Two million tax id numbers to expire. An ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security Number. Typically, only United States citizens and those non-citizens who are authorized to work in the U.S. by the Department of Homeland Security receive SSNs. Two million tax id numbers to expire. 

SSNs and ITINs are intended to be used only for tax and benefit purposes, but since banks, schools, and insurance companies use them as identification numbers, more folks want them for non-tax purposes. Only a quarter of ITINs assigned since the program began in 1996 have been used to file tax returns. Concerns about TTINs misuse spurred changes, including a law that now allows ITINs to expire. Nearly 2 million ITINs are set to expire at the end of 2019. As part of the Protecting Americans from Tax Hikes Act, ITINs that have not been used on a federal tax return at least once in the last three years are not valid for use on a tax return unless renewed by the taxpayer. Expirations also occur on a rotating cycle: ITINs with middle digits 83,84,85,86,87 (like 9NN-83-NNNN) that have not already been renewed will also expire at the end of the year. ITINs with middle digits of 70 through 82 have already expired: if your ITIN has expired, you can still renew at any time. Affected taxpayers who expect to file a tax return in 2020 should submit a renewal application as soon as possible. If you have as expired ITIN, your federal income tax return will be processed, but exemptions and certain tax credits will be disallowed. If your tax id number was disallowed and the IRS says you have a tax debt as a result, call us for help. We can cut thru the IRS red tape and resolve this much faster than you can yourself. Our 36 year old Tax Resolution Services firm offers Nationwide Tax Resolution, including the IRS Fresh Start Program and Tax Relief that is outside of that program. We have decades of experienced Tax Professionals, who know the IRS Code inside and out. Our Tax Resolution Company is the Fourth Oldest in the United States, and is recommended by peers in the industry. Call today for a free consultation. 1-888-689-7861