PTIN required by all preparers, deadline December 31
Tax preparers who expect to sign their name on tax returns come spring had better put their quills and inkwells aside until they hop online to the IRS's PTIN site and apply for or renew their very own Preparer Tax Identification Number (PTIN). All paid preparers are required to have such a number - your Social won't do. All existing PTINs expire when the clock strikes 12 on the 31st of December, so get busy and get those renewed. Not surprisingly, there is a fee involved, so be prepared to fork over some bucks.
Meanwhile, if you're one of those people who recoil when hearing American Tax Relief advertisements bragging about all the people they help bilk the IRS, you can rejoice because a federal judge has shut them down, at least for now. Turns out ATR was actually costing its customers more than it was saving them. Go figure.
Regards to all,
Gail Perry, CPA
Managing Editor, AccountingWEB
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.