PTIN Renewal For 2012 Is Now Open!

Registered tax return preparers can now renew their current PTINs for 2012. Remember, the IRS has changed the registration period from annual to calendar. This means that it doesn't matter on what date you received your PTIN but that you will have until the end of the calendar year (Dec. 31st) to … [Read more...]

Latest & Greatest Registered Tax Return Preparer Regulations

So you wanna be a tax preparer?  Kind of sounds like a game show, eh?  All kidding aside, the IRS is continually getting closer and closer toward coming up with a solid game plan for an individual to follow in order to prepare taxes for compensation.  Like the tax code itself, their game plan … [Read more...]

Are You In Noncompliance With IRS Regulations?

About 1 out of every 8 of the nation’s professional tax return preparers failed to comply with new regulations for 2011, according to data released by the IRS.  Shame on them!  Didn't their mommas teach them any better? The IRS has announced that approximately 100,000 paid … [Read more...]

IRS Requires Electronic Registration for your PTIN

The latest updates from the IRS requires All Paid Tax Preparers to Register for their PTIN Before the 2011 Tax Season All Paid Tax Preparers MUST now pay a $50.00 PTIN Registration Fee (Plus $14.25 Service Fee) All Paid Tax Preparers MUST Pass a Competency Exam beginning in November of … [Read more...]

What’s on the IRS Competency Exam?

The IRS Competency Exam will be either pass or fail and have a total of 120 questions.  The questions will be in a mixed format of multiple choice and true/false questions covering the following Tax and Income forms: Wage & Non-Business Income Form 1040 Examination (Link To View IRS … [Read more...]

PTIN and Preparer Licensing News

IRS Moves Forward With Preparer Registration Plan from the Journal of Accountancy, August 19, 2010 On Thursday, the IRS issued proposed regulations that would put into place many of the parts of its plan to register and regulate tax return preparers (REG-138637-07). Proposed amendments to … [Read more...]

Helpful IRS Links

IRS Online PTIN Registration The IRS has now made PTIN registration available online for all new and existing Tax Return Preparers. Everyone must register, even those who currently have a PTIN. You can register online here. IRS Paper application for PTIN Registration | Form W-12 The IRS has … [Read more...]