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PTIN Requirements for Tax Preparers of Exempt Organizations Returns - Emil Estafanous, CPA : Emil Estafanous, CPA

PTIN Requirements for Tax Preparers of Exempt Organizations Returns

Our members have been contacting us per either a preparer taxation marker series (PTIN) is compulsory to ready a Form 990, Return of Organization Exempt from Income Tax, and other earnings relating to free organizations (e.g., Form 990-EZ, Form 990-T, Form 990-PF, and Form 1023).  There has been some difficulty given a taxation preparer was generally not compulsory to news his/her PTIN on a 2010 Form 990.  (See 2010 Form 990 Instructions, pages 10-11.)

 

According to Notice 2011-6, Implementation of Rules Governing Tax Return Preparers, and information reported on a IRS webpage “Information for Exempt Organizations Tax Preparers,” paid taxation preparers are compulsory to have a PTIN to ready or support almost in a credentials of any of a following earnings for free organizations:


Form 1023, Application for Recognition of Exemption underneath Section 501(c)(3) of a Internal Revenue Code

Form 1024, Application for Recognition of Exemption underneath Section 501(a)

Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations

Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of a Internal Revenue Code

Form 5227, Split Interest Trust Information Return

Form 990, Return of Organization Exempt from Income Tax

Form 990-EZ, Short Form Return of Organization Exempt from Income Tax

Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation

Form 990-T,  Unrelated Business Income Tax Return

The AICPA Exempt Organizations Tax Technical Resource Panel wanted to remind preparers that not being compulsory to submit one’s PTIN does not meant that we do not need to have a PTIN.  If we have not purebred with a IRS underneath Circular 230’s PTIN requirement, we should not ready any of a above forms for compensation. 

At a time of this article, a instructions for a 2011 Form 990 were unavailable.  Please continue to check a AICPA Exempt Organizations Tax page for information on PTIN mandate for 2011 and other information relating to free organizations.

 

 

 

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

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