Skip to content
BOL Conferences
Thread Options Tools
#2072220 - 04/04/16 02:26 PM ITIN Expiration
LSmith Offline
Platinum Poster
LSmith
Joined: Dec 2002
Posts: 703
According to the Path Act, 12/15/15, an ITIN# will expire if not used for a federal income tax return for 3 consecutive years. So how are banks monitoring this? Or is it our responsibility? How are we to know whether a customer has filed 3 consecutive years? What situation would require us to know? I know we would get a new W-8 signed, but what due diligence do we need to know whether the ITIN that is given is still valid?

Return to Top
General Discussion
#2072229 - 04/04/16 02:47 PM Re: ITIN Expiration LSmith
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
but what due diligence do we need to know whether the ITIN that is given is still valid?

None
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2072248 - 04/04/16 03:45 PM Re: ITIN Expiration LSmith
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Not your yob
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top