IRS Update: Latest Information on Requirements for Tax Return Preparers

IRS Competency Testing

Remember that you only have until the end of 2013 to take and pass the IRS Competency Test.

With over 330,000 tax return preparers still needing to take and pass the test it is in your best interest to take the test as soon as possible. At the present time there are plenty of open spots at a Prometric testing site. However, if you wait until this time next year you may have difficulties making an appointment for the test. Read more

PTIN Renewal

A PTIN is good for each calendar year. The time to renew your PTIN for 2013 is approaching. To ensure that your PTIN is valid for 2013 you have from October 15 – December 31, 2012 to renew your PTIN. Read more

Click here to read the entire CrossLink Tax Update that includes further information on Testing and PTIN Renewal Requirements for Tax Return Preparers, as well as information on Continuing Education and Background Checks.

Changes to IRS Form 2848 (Power of Attorney)

The most recent revision (Rev. March 2012) of Form 2848 (Power of Attorney) has some changes that you should be aware of. As a reminder, this is the form that a taxpayer uses to authorize their tax return preparer to represent them before the IRS – usually regarding tax returns for specified years.

Below are the changes to Form 2848:

• In order to represent a married couple on a joint return, both the husband and wife must now complete and submit separate Forms 2848.
• If you wish to have the IRS send copies of all notices and communications to you, the box next to each representative’s name and address must be checked.
• Click here to read more.

Click here to read the entire CrossLink Tax Update that includes further information on the changes to IRS Form 2848 (Power of Attorney).