How to Check Itin Expiry Date: A Comprehensive Guide
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued the Internal Revenue Service (IRS) for individuals who are not eligible for a Social Security Number (SSN) but have a tax filing requirement in the United States. If you have been issued an ITIN, it is crucial to keep track of its expiry date to ensure uninterrupted tax compliance. In this article, we will guide you on how to check your ITIN expiry date and provide you with five interesting facts about ITINs. Additionally, we will address thirteen common questions related to ITINs.
How to Check Your ITIN Expiry Date:
1. Visit the IRS website: Begin visiting the official website of the IRS (www.irs.gov).
2. Click on “Get My Payment”: On the IRS homepage, locate the “Get My Payment” option and click on it.
3. Enter your personal information: Provide the required personal information, including your ITIN, date of birth, and address.
4. Request your ITIN details: Once you have entered the necessary information, click on the “Request My ITIN Details” button.
5. Receive your ITIN details: The system will display your ITIN details, including the expiry date. Make a note of this date for future reference.
Five Interesting Facts about ITINs:
1. ITINs are used for tax purposes: ITINs serve as identification numbers for individuals who are required to file taxes but are not eligible for an SSN. They allow such individuals to comply with tax laws and facilitate the processing of tax returns.
2. ITINs do not authorize work in the United States: While ITINs are essential for tax purposes, they do not grant authorization to work in the United States. They are solely meant for tax filing and reporting requirements.
3. ITINs are issued regardless of immigration status: ITINs are available to both resident and non-resident individuals, regardless of their immigration status. They are primarily used non-resident foreigners, dependents, and spouses who are not eligible for an SSN.
4. ITINs help in claiming tax benefits: Individuals who cannot obtain an SSN but have a filing requirement can use an ITIN to claim certain tax benefits, such as the Child Tax Credit or the American Opportunity Credit.
5. ITINs require renewal: ITINs are subject to expiration, and individuals must renew them to continue using them for tax purposes. It is crucial to stay informed about your ITIN’s expiry date to avoid any potential issues with your tax filings.
Common Questions and Answers about ITINs:
1. Can I use an expired ITIN for tax purposes?
No, an expired ITIN is not valid for tax purposes. You must renew your ITIN before its expiration date to ensure uninterrupted tax compliance.
2. How often do ITINs expire?
ITINs expire if they haven’t been used on a tax return for three consecutive years. Additionally, ITINs with specific middle digits need to be renewed according to the IRS schedule.
3. Can I renew my ITIN online?
Yes, you can renew your ITIN online using the IRS website. The process involves completing Form W-7 and providing the required documentation.
4. How long does it take to receive a renewed ITIN?
The processing time for a renewed ITIN can vary. However, the IRS typically processes ITIN renewal applications within seven weeks.
5. Can I apply for an ITIN if I have a pending SSN application?
No, if you have a pending SSN application, you should wait for the SSN to be issued. ITINs are only for individuals who are not eligible for an SSN.
6. Can I use an ITIN for non-tax purposes?
No, ITINs are solely issued for tax purposes. They cannot be used as identification for any other non-tax-related purposes.
7. Can I use an ITIN to open a bank account?
Some financial institutions accept ITINs for account opening, but it is advisable to check with the specific bank or credit union beforehand.
8. Can I obtain an ITIN for my dependents?
Yes, if your dependents are not eligible for an SSN, you can apply for an ITIN on their behalf to claim any applicable tax benefits.
9. Can I use an ITIN instead of an SSN for employment verification?
No, an ITIN cannot be used for employment verification purposes. Employers are required to obtain a valid SSN from their employees.
10. Can I claim the Earned Income Tax Credit (EITC) with an ITIN?
No, the EITC is only available to individuals who have a valid SSN. ITIN holders are not eligible for this credit.
11. Is there an age limit for obtaining an ITIN?
No, there is no age limit for obtaining an ITIN. Individuals of any age can apply for an ITIN if they meet the eligibility criteria.
12. Can I apply for an ITIN in person?
Yes, you can apply for an ITIN in person scheduling an appointment at an IRS Taxpayer Assistance Center.
13. What documents are required to apply for an ITIN?
To apply for an ITIN, you must submit a completed Form W-7 along with valid identification documents, such as a passport or birth certificate.
Keeping track of your ITIN expiry date is crucial to ensure uninterrupted tax compliance. By following the steps mentioned above, you can easily check your ITIN expiry date and take the necessary steps for renewal. Remember, staying informed about your ITIN and its implications will help you navigate the complex world of tax filing and ensure you fulfill your obligations as a taxpayer.