This is a reminder to preparers that it is that time of year to renew your PTIN for 2018 and when the last day to file a 2016 tax return electronically will be.
The IRS has begun to accept renewals for existing PTIN holders or applications for new PTINs for 2018.
The US District Court did uphold the IRS’s authority to require preparers to obtain a PTIN therefore anyone who prepares or helps prepare any federal tax return for compensation must have a valid PTIN and existing PTIN holders must renew their PTIN each year.
The big difference for renewals this year is that the IRS is no longer charging a fee to renew or obtain a PTIN. The same US District Court of Columbia enjoined the IRS from charging a user fee for the issuance and renewal of PTINs on June 1, 2017.
For more information see the 2018 PTIN Renewal Period Underway for Tax Professionals news release on the IRS website.
Last Day to E-File Returns in 2017
This is a reminder that the last day to file a 2016 return electronically will be Saturday, November 18.
The IRS is shutting down their Modernized e-file system after November 18 so the agency can perform annual maintenance and to enable the IRS to reprogram the system for the upcoming 2018 tax-filing season.
Any individual that files a 2016 return after November 18 must file it on paper. This includes any individual that qualified for an extension of time to file their 2016 federal return until January 31, 2018 because they lived in federally declared disaster area and file their 2016 federal return after November 18.
For more information see IRS News Release IR-2017-183 (dated Oct. 31, 2017) on the IRS website.
2019 Federal Tax Changes
April 24, 2019
When a Rental Activity Can Be Included as Qualified Business Income
March 19, 2019
Safe Harbor Rule for Autos that Claim Bonus Depreciation
February 27, 2019
2018 Federal Return and Taxpayer Expectations
January 30, 2019
Reminder of 2018 Itemized Deduction Changes
January 16, 2019
Qualified Business Income Deduction (20% Deduction for Certain Pass-Through Income)
January 9, 2019