Category: PTIN
PTIN Renewals for 2012 Filing Season
The Internal Revenue Service announced that the nation’s 738,000 tax return preparers who have Preparer Tax Identification Numbers (PTINs) can now renew their PTINs for the 2012 filing season. Preparers are required to renew their PTINs on an annual basis and need to do so before the next year begins. For example, a preparer’s PTIN
Guidance to Further Implement Return Preparer Oversight
The IRS released Notice 2011-80, which provides that PTINs must now be renewed on a calendar year basis. All PTIN holders must renew their numbers using the online PTIN application or paper Form W-12 and pay the required fee ($64.25 for 2012) after Oct. 15 and before Jan. 1 annually. The return preparer initiative requires
Education Requirements (continuing education) for Registered Tax Return Preparers
Education Requirements Requirements: Category PTIN Tax Compliance Check Background Check Competency Test Continuing Education Attorneys X X CPAs X X Enrolled Agents X X Registered Tax Return Preparers X X X X X Supervised Preparers* X X X Non-1040 Preparers** X X X
New PTIN Requirements for Tax Return Preparers (attorneys, CPAs, enrolled agents)
New regulations require all paid tax return preparers (attorneys, CPAs, and enrolled agents) to apply for a Preparer Tax Identification Number (PTIN) before preparing any federal tax returns in 2011. Notice 2011-11 (PDF): Relief for Tax Return Preparers Who Have Pending PTIN Applications Notice 2011-6 (PDF): Implementation of Rules Governing Tax Return Preparers (transition guidance
