New PTIN Requirements for Tax Return Preparers

Important: All Paid Preparers must register with the IRS and obtain a PTIN. click here to read more

New regulations require all paid tax return preparers to obtain a PTIN. Renewals for 2012 are expected to start in October 2011. In the future, some preparers will need to pass a competency test and background check, and take continuing education courses. Check back for more guidance soon. If you haven’t done so already, you can apply for your PTIN in 4 easy steps:

1. Create Your Account

Create a new PTIN account using the online PTIN sign-up system. This account is different from e-Services.

2. Apply for Your PTIN

Complete the online PTIN application. You will need to provide some personal information, including information about your previous year’s tax return and professional credentials. See a checklist of what you need before you get started.

3. Pay Your Fee

Pay the $64.25 user fee via credit card or direct debit.

4. Get Your PTIN

Get your PTIN. Review the welcome letter you receive to understand your future obligations. Keep your PTIN and account information in a safe place for future reference.

The IRS PTIN sign-up system is generally unavailable from midnight until approximately 8:00 AM ET each Sunday morning while regular system maintenance is performed. We apologize for any inconvenience.

Save time — apply online!
It only takes about 15 minutes to sign up online and receive your PTIN. If you opt to use the paper application, Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application, it will take 4-6 weeks to process.

IRS Video: http://www.youtube.com/watch?v=018dKelpE3M&feature=player_embedded

Source: www.IRS.gov  Issue Number: 2011-27