Preparer Tax Identification Number (PTIN) renewals and applications for 2014 are now being accepted and processed by the IRS.
On October 16, the IRS announced it had to delay PTIN renewals for 2014 due to the federal government shutdown, which was resolved by lawmakers later that evening. The shutdown had furloughed several thousand IRS employees and temporarily halted many of the agency's services to taxpayers and tax professionals.
In an October 30 update to its PTIN webpage, the IRS announced, "PTIN applications and renewals for 2014 are now being processed. Anyone who prepares or assists in preparing federal tax returns for compensation must have a valid 2014 PTIN before preparing returns. All enrolled agents must also have a PTIN." The PTIN must be used as t
About Jason Bramwell
Jason Bramwell is a staff writer and editor for AccountingWEB. He has nearly 20 years of experience in print and online media as a journalist and editor.