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IRS Announcement - Unused ITINS to Expire After Five Years
July 22, 2014
IR-2-14-76, June 30, 2014
The IRS recently announced that if a taxpayer uses his Individual Taxpayer Identification Number for five consecutive years, then they will not automatically deactivate the ITIN. Under the old policy, ITINS issued after January 1, 2013 would have automatically expired after five years.
Practitioners are still trying to digest the idea of reactivating ITINS which will occur beginning in 2018. Hopefully, the IRS will reconsider the entire system before that point.