Your Individual Taxpayer Identification Number (ITIN) may expire on December 31, 2020, and must be renewed if you will be filing a tax return in 2021. How do you know if yours will expire? It will fall into one of these categories:
- Your ITIN has not been used on a US tax return for tax years 2017, 2018, or 2019,
- Its middle digits are 88 (for example: 9xx-88-XXXX), or
- It was assigned before 2013 and has not already been renewed (the middle digits are 90, 91, 92, 94, 95, 96, 97, 98, or 99)
IRS issued updated Frequently Asked Questions regarding ITIN expiration and renewal on Sept 20, 2020. The FAQs can be found on the IRS website here: https://www.irs.gov/individuals/itin-expiration-faqs.
Please reach out to us if you would like to speak with one of our experts about ITINs and/or the renewal process.
This article was written by the Anderson ZurMuehlen International Tax Specialty Team. This team regularly seeks additional information and continuing education courses to have the most up-to-date information to share with our clients. To learn more about our International Tax Team, click here, or schedule a call to talk with a member of the team