ITIN number is a unique number that a taxpayer gets. This makes the filling process easier and is also a substitute for the SSN number. Applicants that are not qualified for the SSN number but want to pay the taxes can just simply fill out a form and sent it to the IRS. Both the SSN number and the ITIN number are six-digit numbers. But, both are different and cannot be used in place of each other. The ITIN number helps a person in contributing to the economy as with this a person can pay federal taxes.
This number can also be used for opening a bank account, and can also be used for taking a job. An individual can also use this number for amazon and other online accounts. This generally comes with a validity of three years. If a person has not used the ITIN number for three years then it will get expired. For instance, the ITIN numbers that are not used in the year 2019, 2020, and 2021 will get expired in the year 2022.
The documents should be valid and must be specified by the authorities. It takes only six weeks for the renewal of the number. There is a minimal fee that the person has to pay to get the number renewed. An amount of $50 is to be paid for the application and in case the ITIN number is not used for the previous three consecutive years then the cost of renewal is decreased to $30. The application will be reviewed and in a few weeks, the person gets their ITIN number.
Who can renew the ITIN number?
There are a few reasons why a person has to get the ITIN number renewed. These are as follows:
- In case the applicant wants to change his/her name.
- If the original ITIN number has got lost.
- The candidate has not used the ITIN number for the previous three years(last).
- If the identity of a person is theft.
- Also, if the previous ITIN number has expired.
How often should you renew your ITIN number?
The validity of the ITIN number is generally three years. In that period the ITIN number expires if the applicant has not used it, so the person should renew the number before the tax filing if it expires. Moreover, there are ITIN numbers that the authorities expire every year. So the applicant should check that and get their ITIN number renewed. For the year 2022, the ITIN numbers that are not used from 2019 to 2021 will expire in 2022.
How to renew ITIN Number?
A person can get the ITIN number renewed with a simple form W-7. All the essential details are to be added and then submitted to the IRS. The candidate has to submit all the vital documents. An applicant can submit the application of W-7 form in three various ways:
- The applicant can mail the application along with the documents to the IRS address that is listed. The photocopy, as well as the original documents
(papers), are to be mailed to the authorities. In around 60 days an applicant will receive back the documents.
- The candidate can also visit the certificate acceptance agent or the authorized site so that the documents can get verified and there will be no requirement for the submission of original documents.
- The candidate can also schedule an appointment at the assistance center of the IRS for the verification of the documents. Once the documents get verified a person need not have to send the original documents to the IRS.
What documents are Required?
There are some documents that the applicant must carry for the renewal of the ITIN number. These are as follows:
- The candidate has to submit any of the two legal and valid identification that are given below:
- Passport of the person
- Driving License of the U.S.
- Birth certificate of the applicant
- Medical Records
- School Records
- An immigration visa.
- An identity card of the foreign military
- An identity card of the state of the U.S.
The medical records are needed for the dependents that are younger than 6 and the school record is for the applicants that are under 14 or 18.
Does the ITIN number change after renewal?
The ITIN number remains the same if a person renews the previous one. When the applicant has been assigned this unique number then the number remains the same. The number changes only if the application for the ITIN gets revoked. If the previous ITIN number gets expired then the person can renew the previous ITIN one.
How much does it cost to renew an ITIN number?
There are charges that a person has to pay to get the ITIN number renewed. An amount of $50 is to be paid and in case the ITIN number is not used for three consecutive years then an amount of $30 is to be paid.
Can I renew My ITIN number online?
A person can renew the application with the ITIN number online at the official website of the IRS. The ITIN number and personal information are to be mentioned in the form.
Can I renew my ITIN number with an expired passport?
The applicant needs a valid passport for the renewal of the ITIN number. In case the passport is expired then a person can go ahead with other documents that are mentioned.
How long does it take to renew an ITIN number?
Generally, an ITIN number gets renewed in approximately six weeks. There is a form that is to be sent to the IRS CP565 which tells about the confirmation of the ITIN number renewal.
Which ITIN numbers expire in 2022?
The ITIN numbers that are not used in the previous years such as in the years 2019, 2020, or 2021 will get expired on December 31, 2022.
When to renew the ITIN number?
The applicant has to renew the ITIN number in case the previous ITIN number has got expired. Generally, the validity of the ITIN number is three years.