According to this item from CCH, we will need to renew our special IRS assigned Preparer Tax Identification Numbers every year and pay a fee of at least $50. Supposedly, IRS will start this process in September 2010.
This is an expansion of the preparer registration process that IRS announced in this January 2010 news release.
Archive for the ‘preparers’ Category
PTIN’s will need to be renewed
Posted by taxguru on August 5, 2010
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Top Ten Thoughts That Go Through Every Accountant’s Mind On April 15th
Posted by taxguru on April 8, 2010
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Google Tax School?
Posted by taxguru on March 28, 2010
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Preparer ID Numbers
Posted by taxguru on March 25, 2010
IRS Provides Guidance on Identifying Numbers for Tax Return Preparers – IRS will be making it mandatory for paid preparers to use the special ID number. This is actually a good thing for us preparers. I have been using a PTIN ever since it became available, because that decreases the exposure of my Social Security number on tax returns I prepare.
You can download Form W-7P to apply for a PTIN.
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IRS Regulating More Tax Preparers
Posted by taxguru on January 6, 2010
H&R Blockheads. The IRS wants to save you from your rogue tax accountant. – Being subject to extensive regulation and continuing education requirements as a CPA, I can’t share this writer’s sentiment that IRS is overstepping its bounds by requiring other “mom and pop” tax preparers to be regulated and take update courses.
I do share the writer’s sentiment that the trend towards having the State and Federal governments prepare tax returns for people is not a positive development because of the extreme conflict of interest that entails.
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Who uses ACORN for tax work?
Posted by taxguru on September 12, 2009
Why is ACORN giving tax advice? Started with shakedown of H & R Block – That was the first thing I was wondering while watching the clips of the ACORN rep giving advice to a pretend pimp and hooker on how to handle the taxes for a child sex slave business. I have long known about their organized crime and voter fraud activities, but was ACORN also in the tax preparation business?
I thought they may have been part of the IRS’s VITA program, which is designed to provide free tax help for lower income people in the community. That’s where I started my tax career in the early 1970s. I don’t recall their policy on who we could prepare free tax returns for; but I am guessing that an illegal alien child sex slave business would have been off limits.
Which brings me to the other thing running through my mind while watching those undercover videos. What would other tax professionals do if confronted with new clients like the ones James O’Keefe and Hannah Giles were portraying? I doubt that any reputable tax pro would accept them as clients and give the kind of illegal advice the ACORN rep was presenting, even in these tough economic times. The proper response would be to either kick them out of your office or even to call the police on them.
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Posted by taxguru on June 5, 2009
IRS considers regulating tax preparers – Long overdue quality control over those of us who are not already regulated as CPAs, attorneys or Enrolled Agents. (Thanks to the always useful Lucianne.com for this.)
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Bravest, or most foolish?
Posted by taxguru on April 11, 2009
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Starting early?
Posted by taxguru on April 11, 2009
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Tom Dashole’s tax preparer?
Posted by taxguru on April 9, 2009
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