News / Article

IRS Says 2 Million ITINs To Expire In 2019, Encourages Taxpayers To Renew Now

Source: forbes.com - Nov 13, 2019

The Internal Revenue Service (IRS) 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.

An ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security Number (SSN). Typically, only United States citizens and those noncitizens who are authorized to work in the U.S. by the Department of Homeland Security receive SSNs.

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Category: General Business