The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020. An ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security…
The Internal Revenue Service (IRS) is reminding taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020. An ITIN is assigned to a taxpayer who is not eligible to obtain a Social Security Number (SSN)….
The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit their renewal applications. Failing to renew an ITIN by the end of the year will cause refund and processing delays in 2019. An Individual Taxpayer Identification Number (ITIN) is assigned to a taxpayer who is not…
It’s my annual “Taxes from A to Z” series! Next up: T Is For TIN (Taxpayer Identification Number) To take advantage of most credits, deductions and exemptions, the Internal Revenue Service requires that you provide a TIN, or Taxpayer identification number for yourself, your spouse and your dependents. Not all TINs are credited equal. When…
Tax refund fraud costs taxpayers billions of dollars each year. In an effort to curb fraud, the Internal Revenue Service has made a number of changes over the past few years, including new controls over Individual Taxpayer Identification Numbers (ITINs) which took effect in 2013. Those rules, however, are changing again. ITINs are numbers assigned…
As the battle on immigration reform heats up, more questions are being raised about the tax treatment of undocumented workers and others who might be illegally in this country. Of specific concern is the notion that undocumented workers might not be forced to be accountable for their tax obligations to date – especially while revelations…
Taxpayer asks: My husband is a non resident alien. We have been filing together as married. I am a US Citizen and together we have 2 children. Because he has an ITIN we have been missing out of the EIC credit. Can we file as single, since he is not considered married to me for…
The Internal Revenue Service has announced updates in procedure with respect to Individual Taxpayer Identification Number (ITIN) requirements. ITINs are basically the equivalent of Social Security numbers for those taxpayers who are not eligible for a Social Security number. The updates to the program are, according to IRS, meant to “further protect the integrity of…
With the ink barely dry on the Supreme Court ruling striking down most of Arizona’s controversial immigration measures (click here to read the opinion on Scribd), tax professionals were collectively wagging their tongues over another immigration-related measure: the IRS crackdown on Individual Taxpayer Identification Numbers (ITINs). Over the weekend, the IRS announced important changes to…
When I was fourteen years old, I moved from my small town in North Carolina to the “big city” of Durham, North Carolina, to attend the N.C. School of Science and Mathematics (NCSSM). It was a big change for a lot of reasons, not the least of which was that NCSSM was a residential high…