Recent Tax Updates

Reminder to Renew Your PTIN for 2015

October 22, 2014

The IRS has begun accepting renewals and new applications for PTINs for calendar year 2015.

All paid preparers of federal tax returns must renew their PTINs for 2015. Renewal must be completed before preparing any 2014 tax returns.

Although the IRS may not require federal tax return preparers who are not EAs, CPAs, or attorneys to pass a test and complete yearly continuing education, the IRS still has the authority to require that all paid federal tax return preparers register with the IRS and obtain a PTIN.

To renew your PTIN go to the IRS Tax Professional PTIN System page on the IRS website, log onto your IRS PTIN account, fill out the information requested, and pay the $63 renewal fee.

For new paid preparers the fee for obtaining a PTIN is $64.25.

Failure to renew or obtain a PTIN could result in being penalized under IRS Code Section 6695.