Paid tax return preparers must obtain PTIN by January 1, 2011
All paid tax return preparers, including attorneys, CPAs, and enrolled agents, must apply for a Preparer Tax Identification Number (PTIN) from the Internal Revenue Service before signing and filing any federal tax returns in 2011. Paid preparers who already have a PTIN must renew it.
- Create your account – First, you must create an account by providing your name, e-mail address, and security question information. The system will then e-mail your temporary password, which you will change when you go back to enter your information in the PTIN application.
- Apply for your PTIN – You will complete the online application by providing personal information, information about your previous year’s tax return, and professional credentials. See a checklist of what you need before you start.
- Pay your fee – The application will transfer you to an IRS partner bank where you will make your payment by credit card or direct debit.
- Get your PTIN – After the bank confirms your payment, your PTIN is provided online. If you already have a PTIN, you will retain the same number in most cases. You also will receive a welcome letter providing additional guidance.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.