IRS Revises ITIN Expiration Policy: All ITINs Unused for Five Years to Expire

The IRS has revised its ITIN expiration policy announced in November 2012, whereby all ITINs issued after January 1, 2013 would expire after five years regardless of their state of use.  Under the new announced policy, only those ITINs for which a return is not filed for five consecutive years will expire.

The new policy will apply to all ITINs regardless of their date of issuance, and the IRS will not begin deactivating ITINs until 2016.

For more information, see “Unused ITINS to Expire After Five Years;  New Uniform Policy Eases Burden on Taxpayers, Protects ITIN Integrity,” IRS.gov (June 30, 2014).

Posted by Conan Yuzna, Associate Editor, Wealth Strategies Journal.