New Info Tax Preparer Registration

[taxea]

http://www.youtube.com/user/NATPTAX

[dyne]

Go to irs.gov and search for new registration requirements for tax preparers and you should
find a 55 page report by IRS regarding these new rules. It was REPORTED on one website
that Enrolled Agents and CPA's are exempt from these new rules.

[David1980]

Exempt from the testing requirements, but not the rest of it.

[Lion]

Not exempt

And, not exempt from paying for the privilege of renewing the PTIN that we have had for years! I already pay to renew my EA which helps with that oversight. Now I have to pay to help oversee non-EA preparers. And, I had to pay to prepare NY returns. Bummer.

[taxea]

We never paid for the PTIN. My understanding is our EA registration is all we need to renew and no sooner than usual. Please elaborate on paying for the PTIN.

[taxea]

Go to irs.gov and search for new registration requirements for tax preparers and you should
find a 55 page report by IRS regarding these new rules. It was REPORTED on one website
that Enrolled Agents and CPA's are exempt from these new rules.

Dyne, We EA's and CPA's are exempt because we already took a much more detailed test, are already registered and already subject to CPE continuing education.

[Lion]

We pay

We are exempt only from taking the test. We will pay to get a PTIN like all other preparers. We can have our current PTIN reissued to us. Whoopee!

[dyne]

The INTERNAL REVENUE SERVICE RETURN PREPARER REVIEW
dated December 2009 says:

1. Enrolled Agents are EXEMPT from the competency test. page 3

2. Enrolled Agents are EXEMPT from CPE requirements. page 4

3. Enrolled Agents are EXEMPT from registering with IRS. page 23

4. The registration will be PHASED IN to reduce the burden on both IRS
and tax return preparers. page 33

irs.gov says: EA's currently pay $125 for enrollment and renewal. Because
attorneys, CPA's and enrolled agents are exempt from testing, they will not
be required to pay the separate testing fee.

It was reported that IRS is sending letters to 10,000 tax preparers. Thousands
of these preparers will be visited by IRS Revenue Agents.

[Lion]

IRS Provides Guidance on Identifying Numbers for Tax Return Preparers

IR-2010-37, March 25, 2010

WASHINGTON — The Internal Revenue Service today issued proposed regulations allowing the IRS to require that tax return preparers use Preparer Tax Identification Numbers (PTINs) as the preparer’s identifying number on all tax returns and tax refund claims that they prepare. These regulations when final will implement some of the recommendations in Publication 4832, Return Preparer Review.

“These regulations allow the IRS to better identify and match tax return preparers with the tax forms and claims they prepare. This proposed PTIN system will help us ensure taxpayers receive competent, ethical service from qualified professionals and strengthen the integrity of our tax system,” said IRS Commissioner Doug Shulman.

Under the proposed regulations, the IRS will issue forms, instructions, or other guidance that will require paid tax return preparers to begin using PTINs for all tax returns and refund claims filed after Dec. 31, 2010. Currently, tax return preparers must use either a PTIN or their social security number on tax returns or refund claims that they prepare.

The proposed regulations also provide that tax return preparers must apply for a PTIN, regularly renew the PTIN, and pay associated user fees, which will be described in upcoming guidance. As part of the process, some tax return preparers would also be subject to a tax compliance check, which could include a review of the preparer’s history of compliance with personal and business tax filing and payment obligations.

Tax professionals and other interested parties have until April 26, 2010, to submit comments regarding the attached proposed regulations.

The IRS plans to launch a new system later this year through which all tax return preparers will be required to register, including those who already have a PTIN. Tax return preparers who already have a PTIN will have the number revalidated and reassigned to them through the new system, while tax return preparers who do not have a PTIN will be issued one through the new system.

It is estimated that there are as many as 1.2 million paid tax return preparers.

Related Item: Return Preparer Compliance and Enforcement: Information Center

Subscribe to IRS Newswire

[Jesse]

To elaborate:

We never paid for the PTIN. My understanding is our EA registration is all we need to renew and no sooner than usual. Please elaborate on paying for the PTIN.

http://www.irs.gov/taxpros/article/0,,id=218611,00.html

Fees

Enrolled agents currently pay $125 for enrollment and renewal. Attorneys and certified public accountants pay similar fees to their oversight organizations. Will the fee for obtaining a PTIN be applicable to all enrolled agents, attorneys and CPAs in addition to their other fees? (revised 3/29/10)

Yes. All paid tax return preparers will have to pay a fee to obtain and renew their PTINs. This fee is in addition to any fee that paid tax return preparers must pay for any other certifications or licenses they hold. Because attorneys, CPAs and enrolled agents are exempt from testing, they will not be required to pay the separate testing fee.

[Jiggers]

Fee for ptin and registering

I wonder what the fee will be?

I also wonder how long it will take the IRS to issue the ptin for the ones who do not have them?

I also wonder how long it will take the IRS to issue some type of registration form for those that are having to register, that are not EA's or CPA's?

It takes several months for the IRS to renew EA's and issue their renewal card. How many EA's are there?

[New York Enrolled Agent]

3. Enrolled Agents are EXEMPT from registering with IRS. page 23

Dyne

Page 23 was a recommendation from the NTA. Click on this video produced by the IRS and you'll hear within 30 seconds that no one is exempt from registering to get a PIN.

http://www.youtube.com/watch?v=4bA-mnCzk6w

[JohnH]

I also noticed that CCH says there's a limited phase-in for mandated electronic filing. Looks like the threshold will be 100 returns in 2011 and 10 returns in 2012. If that's the case, I may stick around for one more tax season, because I was already working on getting below the 100 mark.

Then by 2012 I'll raise my fees by a factor of 10 and those last few holdouts will get extra special treatment. I'm looking forward to the 2012 filing season already!

[ChEAr$]

I also noticed that CCH says there's a limited phase-in for mandated electronic filing. Looks like the threshold will be 100 returns in 2011 and 10 returns in 2012. If that's the case, I may stick around for one more tax season, because I was already working on getting below the 100 mark.

Then by 2012 I'll raise my fees by a factor of 10 and those last few holdouts will get extra special treatment. I'm looking forward to the 2012 filing season already!

Oh heck. And here I was, hoping to convert John H into an EA.
Thought this new thing might do the trick.

[JG EA]

Dyne

Page 23 was a recommendation from the NTA. Click on this video produced by the IRS and you'll hear within 30 seconds that no one is exempt from registering to get a PIN.

http://www.youtube.com/watch?v=4bA-mnCzk6w

So,if we already have a PTIN then we are already registered
with the IRS.