This week, the IRS began sending letters to tax return preparers who have violated PTIN rules, targeting two groups in particular. Preparers who receive Letter 4732 filed tax returns using their…
Beginning in November 2014, the Internal Revenue Service began its sixth year of a hands-on effort to improve the accuracy and quality of tax returns and to heighten awareness of preparer…
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Number of PTIN Holders Up 50,000 Accounting Today reports that the IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs. According to the RPO, 743,331…
IRS Notifies Tax Professionals with Expired PTIN NumbersThe Internal Revenue Services has notified tax preparation professionals who have Preparer Tax Identification Numbers (PTINs) that expired on…
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Taxpayers using Form 8863, Education Credits, can begin filing their tax returns after the IRS updates its processing systems. Form 8863 is used to claim two higher education credits -- the American Opportunity Tax Credit and the Lifetime Learning Credit.…
The deadline to register for or renew your PTIN (Preparer Tax Identification Number) for 2013 is December 31, 2012. All paid tax preparers must have a PTIN and it must be renewed annually. This year ...…
The changes build on previously announced interim procedures. During the last several months, the IRS gathered feedback from stakeholders and interested groups on how to best safeguard the integrity of and improve procedures ...…
Read more about Revised Application Procedures in Effect for Upcoming Filing Season
Tax professionals who have already renewed their PTIN and need to update their credentials must do so by calling the PTIN helpline at 877.613.7846. A representative will be able to update the…
This database will include the names, addresses, and professional qualifications of tax preparers, as well as any publicly disclosed professional disciplinary actions. Essentially, it will allow taxpayers to shop around for a preparer who is qualified...…
Last November, the IRS began efforts to increase the quality of the tax preparation industry and improve service to taxpayers by requiring certain tax preparers to complete a Registered Tax Return Preparer (RTRP) competency test. In the last few months, some 3,000 tax preparers have passed...…
