100,000 Tax Preparers to be target by the IRS for PTIN violations in 2010 season
The IRS has began sending letters to about 100,000 tax return preparers who either used outdated PTINs or used social security numbers instead of a PTIN when filing returns this past tax season. The letters explain the new oversight program, inform preparers of how to register for a new PTIN, or renew an old PTIN, […]
When Does My Tax Preparer PTIN Expire?
Tax Preparers were required to get a Preparer Tax Identification Number last tax season. Those PTINs were initially scheduled to expire one year, to the day, from when they were issued. That time frame has been changed by the IRS, now all PTINs will expire on 12/31 of the following year. This translates to anyone […]
Child Care Credit without an EIN or SSN
Yes, It can be done; and Yes, it can be e-filed. The IRS has stated that it will now be accepting e-filed returns without the presence of an EIN or SSN for the care provider. You should make sure that your clients have exercised due diligence in attempting to obtain the EIN or SSN before […]
Get your PTIN early this year
The IRS is moving forward with implementing their testing requirement for tax preparers and they have stated that this will be in place for this coming 2011 tax season, starting January 2012. One way to postpone having to take the preparer competency examination is to have your PTIN issued prior to the IRS implementing the […]
IRS wants your input on Preparer Exams
The IRS has selected Prometric to administer the forthcoming tax preparer examinations, but they would like to hear from you, the actual preparers, regarding the structure, length, specific areas and topics that should be covered, reporting, etc. Prometric is the company that has been administering exams for Enrolled Agents and CPAs for years, but with […]