Preparer Registration

The IRS is implementing a preparer taxation marker series (PTIN) registration routine for taxation lapse preparers that is dictated to rouse a correspondence turn and reliable control of veteran preparers. After Dec 31, 2013, any particular who is paid to ready sovereign income taxation earnings contingency have a PTIN and, unless exempt, contingency pass a competency examination and bearing check to be deliberate a Paid Tax Return Preparer (PTRP).

CPAs and other taxation professionals (enrolled agents, attorneys) are free from a examination and stability preparation mandate though contingency bear a apportionment of a bearing check. 

The AICPA has participated actively in a growth of a regulations to exercise this module to minimize a impact on members.  Whether it’s ensuring that their supervised staff are in correspondence or remaining rival with those holding themselves out as purebred preparers, a PTRP will impact everyone.

Tax Executive Committee Chair Pat Thompson testifies during a hearing.

Advocacy

The AICPA has testified and supposing several created comments on several components of a program, including fingerprinting, a competency exam, and stability preparation providers.


AICPA Resources    

  • Overview of regulations In-depth essay in  The Tax Adviser provides credentials on a launch of a Service’s Return Preparer Review beginning in Apr 2009, and about a regulations and superintendence that generally need taxation lapse preparers to register for a preparer taxation marker series (PTIN)
  • CPA Marketing Toolkit (available in December) – a one-stop emporium for materials to assistance we promulgate with stream and intensity clients and strengthen your value as a CPA.  Includes brochures, website copy, presentations and more   

 

 

 


  
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About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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