The IRS has begun accepting renewals and new applications for PTINs for calendar year 2015.
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All paid preparers of federal tax returns must renew their PTINs for 2015. Renewal must be completed before preparing any 2014 tax returns.
Although the IRS may not require federal tax return preparers who are not EAs, CPAs, or attorneys to pass a test and complete yearly continuing education, the IRS still has the authority to require that all paid federal tax return preparers register with the IRS and obtain a PTIN.
Click here to read the entire CrossLink Tax Update that includes further information on renewing or registering your PTIN for the 2015 tax season.
Showing posts with label PTIN renewal. Show all posts
Showing posts with label PTIN renewal. Show all posts
Wednesday, October 22, 2014
Wednesday, November 6, 2013
Reminder to Renew Your PTIN for 2014
Last week the IRS began accepting renewals and new applications for PTINs for calendar year 2014.
All paid preparers of federal tax returns must renew their PTINs for 2014. This must be done before preparing
2013 returns.
2013 returns.
Although the US District Court enjoined the IRS from enforcing the oversight of return preparers who are not EAs, CPAs, or attorneys, they did not strike down the requirement that all paid federal tax return preparers register with the IRS and obtain a PTIN.
To renew your PTIN, go to the IRS Tax Professional PTIN System page on the IRS website, log onto your IRS PTIN account, fill out the information requested, and pay the $63 renewal fee.
For new paid preparers, the fee is $64.25.
Failure to renew or obtain a PTIN could result in being penalized under IRS Code § 6695.
Return preparers do not have to take a competency test or take continuing education for 2014. This is because the IRS is still in the process of appealing the US District Court's decision enjoining the IRS from oversight of return preparers.
Monday, February 4, 2013
IRS PTIN System Has Reopened
IRS PTIN System Has Reopened
On February 1, the United States District Court modified its order that enjoined the IRS from enforcing the regulatory requirements for registered tax return preparers. The court ruled that it does not apply to the requirement that all paid tax return preparers register and obtain a PTIN.
Therefore as of today, February 4, the IRS has reopened their online PTIN registration system on their website.
Any preparers that still need to renew their existing PTINs or obtain a new one may now do so. The fee for renewing a PTIN is $63.00 and the fee for obtaining a new PTIN is $64.25.
To renew or obtain a PTIN go to the IRS Tax Professional PTIN System page on irs.gov.
On February 1, the United States District Court modified its order that enjoined the IRS from enforcing the regulatory requirements for registered tax return preparers. The court ruled that it does not apply to the requirement that all paid tax return preparers register and obtain a PTIN.
Therefore as of today, February 4, the IRS has reopened their online PTIN registration system on their website.
Any preparers that still need to renew their existing PTINs or obtain a new one may now do so. The fee for renewing a PTIN is $63.00 and the fee for obtaining a new PTIN is $64.25.
To renew or obtain a PTIN go to the IRS Tax Professional PTIN System page on irs.gov.
Tuesday, January 22, 2013
BREAKING: IRS Return Preparer Program Has Been Suspended
IRS Return Preparer Program Has Been Suspended
On Friday, January 18, the US District Court for the District of Columbia struck down the IRS’s registered tax return preparer program. They also enjoined the IRS from enforcing the return preparer regulations regarding the testing and continuing education requirements for tax return preparers.
The ruling does not affect the regulatory practice requirements for CPAs, attorneys, enrolled agents (EAs), enrolled retirement plan agents, or enrolled actuaries.
As a result of this ruling, the IRS has suspended all requirements for the registration, testing, and continuing education for registered tax return preparers effective immediately.
Therefore the IRS has:
To read more see the January 22 IRS Statement on Court Ruling Related to Return Preparers on the IRS website.
As soon as more information becomes available we will let you know.
On Friday, January 18, the US District Court for the District of Columbia struck down the IRS’s registered tax return preparer program. They also enjoined the IRS from enforcing the return preparer regulations regarding the testing and continuing education requirements for tax return preparers.
The ruling does not affect the regulatory practice requirements for CPAs, attorneys, enrolled agents (EAs), enrolled retirement plan agents, or enrolled actuaries.
As a result of this ruling, the IRS has suspended all requirements for the registration, testing, and continuing education for registered tax return preparers effective immediately.
Therefore the IRS has:
- Stopped accepting renewals of PTINs
- Stopped accepting applications for new PTINs
- Will no longer allow preparers to schedule an appointment for the RTRP exam
- Made the continuing education requirement voluntary
To read more see the January 22 IRS Statement on Court Ruling Related to Return Preparers on the IRS website.
As soon as more information becomes available we will let you know.
Wednesday, December 12, 2012
IRS Update: Reminders for Year End and the Upcoming Filing Season
As we approach the end of 2012 and the start of the 2013 Filing Season, here are some reminders and things to know:
Start of Filing Season
The 2013 Filing Season will open on Tuesday, January 22, 2013. This is the day after Martin Luther King Jr.’s Birthday.
Renewing Your PTIN
If you have not already done so, you must renew your PTIN for 2013 before you begin to prepare 2012 returns. Click here to read more.
Continuing Education for Registered Return Preparers
It is very important to remember that all registered tax return preparers and return preparers with provisional PTINs must complete 15 hours of continuing education by the end of 2012. Click here to read more.
Increased Emphasis on Fraud by IRS
Due to the significant increase in the filing of fraudulent returns and identity theft, the IRS will be increasing their fraud filters for the upcoming filing season. Click here to read more.
Click here to read the entire CrossLink Tax Update that includes further information on reminders for year end and the 2013 Filing Season.
Start of Filing Season
The 2013 Filing Season will open on Tuesday, January 22, 2013. This is the day after Martin Luther King Jr.’s Birthday.
Renewing Your PTIN
If you have not already done so, you must renew your PTIN for 2013 before you begin to prepare 2012 returns. Click here to read more.
Continuing Education for Registered Return Preparers
It is very important to remember that all registered tax return preparers and return preparers with provisional PTINs must complete 15 hours of continuing education by the end of 2012. Click here to read more.
Increased Emphasis on Fraud by IRS
Due to the significant increase in the filing of fraudulent returns and identity theft, the IRS will be increasing their fraud filters for the upcoming filing season. Click here to read more.
Click here to read the entire CrossLink Tax Update that includes further information on reminders for year end and the 2013 Filing Season.
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