IRS Announces Proposed PTIN Requirements
July 28, 2010
As part of its plan to regulate all paid tax preparers by next filing season, the Internal Revenue Service (IRS) has proposed charging $50 annually to issue and renew a required preparer tax identification number (PTIN). The IRS also announced that PTIN applications and renewals would be handled by a third-party vendor, who could also charge a "reasonable fee" on top of the IRS fee.
For more information, visity JournalofAccountancy.com