WOW...........
Despite the availability of a new and improved PTIN registration system, NSA continues to recommend that members register for a PTIN as late in 2010 as possible, but prior to January 1, 2011. Why? Because the proposed Circular 230 regulations state that a PTIN “registration year” will run from the date of registration to the same date the following year. It is this period during which the required 15 hours of education must be taken but, as pointed out above, the proposed regulations state that only pre-approved courses qualify. No such approval process is currently in place. Consequently, registering for a PTIN in the latter part of December will eliminate the possibility that CPE taken in November and early December, while relevant, will not count for PTIN renewal purposes. Perhaps the final rules for Circular 230 will give some leeway, but why take a chance?
Despite the availability of a new and improved PTIN registration system, NSA continues to recommend that members register for a PTIN as late in 2010 as possible, but prior to January 1, 2011. Why? Because the proposed Circular 230 regulations state that a PTIN “registration year” will run from the date of registration to the same date the following year. It is this period during which the required 15 hours of education must be taken but, as pointed out above, the proposed regulations state that only pre-approved courses qualify. No such approval process is currently in place. Consequently, registering for a PTIN in the latter part of December will eliminate the possibility that CPE taken in November and early December, while relevant, will not count for PTIN renewal purposes. Perhaps the final rules for Circular 230 will give some leeway, but why take a chance?
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