IRS Update: Registered Tax Return Preparer Testing

It is time for all provisional registered tax return preparers to begin thinking about taking the competency test. Even though preparers have until the end of 2013 to take and pass the test, you should think about taking the test beforehand to avoid the rush.

Below are some key facts to help you navigate the requirements for taking the competency test:

• The test is now based on Tax Year 2011 tax law. Click here for a list of the recommended IRS publications and form instructions that will help you prepare for the test.
• The testing fee is $116 and is paid at the time you schedule a test appointment.
• To take the test you must schedule an appointment using your IRS Online PTIN account you used to renew or register your PTIN at www.irs.gov/ptin. Once you have logged into your account select View Next Steps and Outstanding Requirements from the Main Menu (it is the third option under Functions on the left hand side of the Main Menu screen).
• The test consists of 120 multiple choice / true or false questions and will take up to 2.5 hours.
• A passing score on the test is 350 or above. The potential scores range from 50 to 500.
• You will receive your test results before you leave the testing site.
• The test is available in English only.

Click here to read the entire CrossLink Tax Update that includes further information regarding the Registered Tax Return Preparer Testing.