How to Renew an ITIN Number: A Comprehensive Guide
Introduction:
An ITIN (Individual Taxpayer Identification Number) is a unique nine-digit number issued by the Internal Revenue Service (IRS) to individuals who are required to have a U.S. taxpayer identification number but do not have, and are not eligible to obtain, a Social Security number. If your ITIN has expired or is about to expire, it is essential to renew it to avoid any issues with tax filing and compliance. In this article, we will provide a comprehensive guide on how to renew an ITIN number.
Understanding ITIN Expiration:
An ITIN is valid for a period of five years. After the expiration date, the ITIN will no longer be recognized by the IRS, and you will need to renew it to continue using it for tax purposes. It is important to note that ITINs cannot be renewed online, and you must submit a paper application.
Gathering Required Documents:
Before applying to renew your ITIN, gather the necessary documents to support your application. These documents may include:
1. A completed Form W-7, Application for IRS Individual Taxpayer Identification Number.
2. Proof of identity, such as a passport, driver’s license, or state-issued identification card.
3. Proof of foreign status, such as a birth certificate or foreign passport.
4. Proof of U.S. residency, such as a lease agreement, utility bill, or school records.
Completing Form W-7:
Fill out Form W-7 accurately and completely. Make sure to provide your full legal name, date of birth, and address. Include the appropriate box indicating that you are renewing an ITIN.
Submitting the Application:
Once you have completed Form W-7 and gathered all the required documents, submit your application to the IRS. There are two ways to submit your application:
1. Mail your application and supporting documents to the IRS address listed on Form W-7. Ensure that you use certified mail with a return receipt to track the delivery of your application.
2. If you are applying in person, visit an IRS Taxpayer Assistance Center (TAC) with your completed Form W-7 and supporting documents.
Processing Time:
The processing time for ITIN renewal applications can vary. It typically takes between 8 to 11 weeks for the IRS to process the application. During this time, you may not receive any updates or notifications. It is important to keep track of the expiration date of your ITIN to ensure timely renewal.
Receiving Your Renewed ITIN:
Once your application is processed, the IRS will issue a new ITIN. You will receive a notice in the mail, which will include your new ITIN number. Make sure to update any records or accounts that require your ITIN with the new number.
Conclusion:
Renewing your ITIN number is crucial to maintain compliance with tax regulations and avoid any complications. By following the steps outlined in this guide, you can successfully renew your ITIN and continue using it for tax purposes. Remember to gather all the necessary documents, complete Form W-7 accurately, and submit your application to the IRS. Happy renewing!
