IRS To Invalidate Unused ITINs Unless Renewed

Daniel Janovitz is an Associate based in Holland & Knight's Fort Lauderdale office

HIGHLIGHTS:

• The Internal Revenue Service (IRS) is requiring individuals with inactive or old individual taxpayer identification numbers (ITINs) to renew their ITINs.
• The renewals, explained through Notice 2016-48, impact individuals who received ITINs prior to 2013. The requirement also applies to individuals who have not used their ITINs for three consecutive years.
• ITINs that do not fall under either of those categories remain effective indefinitely.

The Internal Revenue Service (IRS) is requiring individuals with inactive or old individual taxpayer identification numbers (ITINs) to renew their ITINs. The renewals impact individuals who received ITINs prior to 2013. The requirement also applies to individuals who have not used their ITINs for three consecutive years. An ITIN can be renewed by filing a Form W-7 with the individual's income tax return or in a separate