IRS unsure on preparer testing content
Be aware, the IRS stated today that it has not made any determination on what materials will be considered for the 2011 tax preparer testing requirements. Many tax training programs are currently being released trying to capitalize on preparers anxiety relating to this new requirement, you should be very wary of purchasing materials this year. […]
IRS releasing emails regarding PTIN applications
The IRS is releasing email messages informing PTIN applicants that you may have an open PTIN application with the service that needs to be completed. This message relates to many people who were forced to apply through multiple email addresses in order to get their temporary password for online PTIN application. If you have been […]
Current Enrolled Agent renewal period suspended
EAs with SSNs ending in 4,5, or 6 were scheduled to complete their 3 year renewal of their EA status between Nov 1 and Jan 31 2011. The renewals are on hold due to the IRS not finalizing how much to charge for the renewals. The fee is supposed to be dropping from the original […]
IRS to Postpone Continuing Education Requirement
Rest easy this year registered return preparers! IRS commissioner Douglas Shulman spoke today before the AICPA and announced that the continuing education requirement for tax return preparers would be pushed back until 2012. This means that preparers will have a full 12 months to earn the required 15 hours of CE credits.
PTIN Reminder Letters Going Out from IRS
The IRS begins notifying former tax return preparers that they must renew their PTINs if they are still intending on being paid preparers this coming tax season. Use of the PTIN will be required on all federal returns prepared by paid tax return preparers starting Jan. 1. This requirement is for all return preparers, even […]