ITINS Set to Expire

NSTPIndividual Taxpayer Identification Number (ITIN), Internal Revenue Service (IRS)

ITINS Set to Expire

ITINS Set to Expire in 2019; IRS Says Renew Early to Prevent Refund Delays Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year. “We urge taxpayers with expiring ITINs to take action and renew the number as soon as possible. Renewing before the end of the year will avoid unnecessary delays related to their refunds,” said IRS Commissioner Chuck Rettig. “To help with this process, the IRS is sharing this material in multiple languages. We encourage partner groups to share this important information to reach as many people with ITINs as possible.” Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been used on a federal tax return at least once in the last three consecutive years will expire December 31, 2019. In addition, ITINs with middle digits 83, 84, 85, 86 or 87 that have not already been renewed will also expire at the end of the year. These affected taxpayers who expect to file a tax return in 2020 must submit a renewal application … Read More

In the Know: Proposal by House Democrats to Extend Tax-Filing Deadline

NSTP2019 Tax Season, Internal Revenue Service (IRS)

Proposal by House Democrats to Extend Tax-filing Deadline

Normally, we do not publish proposed legislation as many factors come into play between the time a bill is proposed and the final bill that is actually passed and signed by the President. However, I am making this one exception to give you an opportunity to express your thoughts to your state representative in the House. A pair of House Democrats has introduced a bill to extend the tax-filing deadline until May 20 to give taxpayers more time to file their taxes after the partial government shutdown, amid lingering uncertainty over the extensive changes in the tax code and tax forms in the wake of the Tax Cuts and Jobs Act. Reps. Sean Casten, D-Ill., and Lauren Underwood, D-Ill., introduced the Taxpayer Extension Act on Wednesday to give taxpayers an extra five weeks to file their individual tax returns for 2018. They noted that during the 35-day shutdown, the IRS sent close to 90 percent of its workforce home without pay. The Taxpayer Extension Act would provide an extension of the tax return due date for five weeks, from April 15, 2019 to May 20, 2019, for individual income tax returns for 2018, to provide additional time equal to the … Read More

TAX FILING DEADLINE POSTPONED UNTIL JUNE 29 FOR VICTIMS OF HURRICANE MARIA IN PUERTO RICO AND THE VIRGIN ISLANDS

NSTPInternal Revenue Service (IRS)

The IRS has extended tax deadlines for affected individuals and businesses until June 29, 2018, for the following localities: In the U.S. Virgin Islands (starting Sept. 16, 2017): Islands of St. Croix, St. John and St. Thomas. In Puerto Rico (starting Sept. 17, 2017): In any of the 78 municipalities. The disaster relief page on the IRS website has details on the returns, payments and tax-related actions qualifying for the additional time. Following the IRS extension, affected individuals and businesses will have until June 29, 2018, to file their 2017 tax returns and pay any taxes due on those returns. This relief also includes individual estimated tax payments, payroll and excise tax returns, corporate income tax returns originally due or on extension during the relief period and tax-exempt organizations required to file Form 990 series returns with an original deadline falling during this period. This relief also applies to taxpayers who had a valid extension to file their 2016 return that was due to run out on October 16, 2017, and which was already postponed until January 31, 2018. The IRS will abate any interest, late-payment or late-filing penalty that would otherwise apply for 2017 tax returns. The IRS automatically … Read More

Tax Filing Extension Expires Oct. 16 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits

NSTPTaxpayer

WASHINGTON – The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or the Free File system. Both are still available for taxpayers who still need to file their return. Although Oct. 16 is the last day for most people to file, some individuals — such as members of the military serving in a combat zone — are allowed more time to file. Typically, they have until 180 days after they leave the combat zone to both file their return and pay any taxes due. In addition, taxpayers who have a valid extension and are in or affected by a federally declared disaster area may be allowed more time to file. Currently, taxpayers in parts of Michigan, West Virginia and those impacted by Hurricanes Harvey, Irma  and Maria qualify for this relief. See the disaster relief page on IRS.gov for details. Check for Tax Benefits Before filing, the IRS encourages taxpayers to take a moment to see if they qualify for these and other significant credits and deductions: Benefits for low- and moderate-income workers and families, especially the Earned Income Tax Credit, can increase a taxpayer’s refund … Read More