Nine-digit ITIN numbers provide a means for workers without social security cards to pay their taxes. As of October 2016, changes under the Protecting Americans from Tax Hikes Act require some taxpayers to renew their ITINs by January 1, 2017.
Jefferson Economic Development Institute is hosting a workshop on Tuesday, Nov. 22, from 4:30 to 6 p.m. to explain the Internal Revenue Service’s changes regarding Individual Taxpayer Identification Numbers.
Nine-digit ITIN numbers provide a means for workers without social security cards to pay their taxes. The IRS issues ITINs regardless of immigration status, because both resident and nonresident aliens have a filing requirement under the Internal Revenue Code.
As of October 2016, changes under the Protecting Americans from Tax Hikes Act require some taxpayers to renew their ITINs by January 1, 2017. The IRS is instituting a rolling renewal schedule to assist taxpayers, and the IRS has mailed letters to the first subgroup of ITIN holders scheduled for renewal. A VITA client, Jeronimo Ontiveros, states, “I got a letter from the IRS and I didn’t know what to do. I took the letter to JEDI and they helped me renew my ITIN card pretty easily.”
If taxpayers have an expired ITIN and don’t renew before filing a tax return next year, they could face a refund delay and may be ineligible for certain tax credits, such as the Child Tax Credit or the American Opportunity Tax Credit until the ITIN is renewed.
“The ITIN program is critical to allow millions of [working] people to meet their tax obligations,” said IRS Commissioner John Koskinen.
JEDI’s VITA Site Coordinator Paj Kane states, “As a Volunteer Income Tax Assistance (VITA) site, we want to ensure that ITIN holders will not experience any delays in receiving their refunds.”
JEDI states in a press release that it is important that taxpayers understand how to complete the paperwork, so they can renew their ITIN themselves, because there is not a Taxpayer Assistance Center or an IRS authorized Certified Acceptance Agent in Siskiyou County.
“There is a definite need for clarification of the changes to the ITINs, so that misinformation does not occur in our community,” states Kane.
ITIN holders who attend the can get their questions answered complete the process “with minimal difficulty,” according to JEDI.
For more information go to http://e-jedi.org/how-to-renew-your-itin-number/
The workshop is presented by the Women’s Business Center at JEDI with informational material covered by the Mission Economic Development Association. It will be conducted in English. JEDI suggests participants bring a translator if needed.
To register and for more information, call JEDI at 530-926-6670 or email email@example.com.
JEDI, a nonprofit organization committed to building the regional economy through entrepreneurship, has a mission is to increase the economic wellbeing of people and communities through business development and local wealth creation.