Okay you procrastinators. Stop cleaning your desk, setting up your schedule for busy season, baking cookies, wrapping packages, packing for holiday travel, running to the mall for last minute purchases – stop everything! Go to your computer, do not pass GO!, sit down for fifteen minutes, and get yourself registered with a renewed Preparer Tax Identification Number before the clock strikes midnight on New Year's Eve. Your existing PTIN expires at midnight December 31, 2011.
Meanwhile, if you remember last week's news about the IRS making random in-person visits to tax preparers' offices, we have the scoop from a tax preparer to endured a random check. Take a look at what CincyTaxMan had to say about his experience with the IRS Revenue Agent.