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Updating ITIN to SSN for FBAR (FinCEN Form 114) and State (Georgia)?

Forum|Forum|2 years ago
April 9, 2024
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Hi,

My wife used to use her ITIN for filing tax returns as well as individual FBAR forms. She has recently got her SSN, and we will notify the IRS as discussed on the IRS website (here). Unfortunately, we could not find anything similar for the FBAR form on the internet, including the FBAR website (here), and we were wondering if anyone has any suggestions on it.

Also, it'd be great to know whether we should do something similar for her state returns. We live in Georgia.

Thanks!

Best answer by SusanY1

For her FBAR/FinCEN114 I would go ahead and start using her newly assigned Social Security number. When you notify the IRS they link the accounts and that should also eventually catch up in the FBAR system.

If for some reason the FBAR is rejected this year, then use the ITIN one last time since there could be some bit of a lag.

There should be no need to specifically inform Georgia of the change, just add the Social Security number to your return when you file. If they have a question, they will reach out and you can then explain.

This is a relatively common occurrence and while they all just look like random numbers to most of us, the IRS and other authorities can tell which are ITINS and which are SSNs and when they see a switch from one to the other, they usually understand without asking what has happened.

SusanY1Answer

For her FBAR/FinCEN114 I would go ahead and start using her newly assigned Social Security number. When you notify the IRS they link the accounts and that should also eventually catch up in the FBAR system.

If for some reason the FBAR is rejected this year, then use the ITIN one last time since there could be some bit of a lag.

There should be no need to specifically inform Georgia of the change, just add the Social Security number to your return when you file. If they have a question, they will reach out and you can then explain.

This is a relatively common occurrence and while they all just look like random numbers to most of us, the IRS and other authorities can tell which are ITINS and which are SSNs and when they see a switch from one to the other, they usually understand without asking what has happened.

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