Is Your Tax Preparer Ready for 2012
The days of anyone preparing a personal tax return is gone. Beginning last year, all tax preparers had to get a PTIN (Preparer Tax Identification Number) and renew it each year with the IRS. However, beginning in 2012, all preparers other than CPAs, attorneys, and enrolled agents must pass a competency exam. In addition, enrolled agents much take 72 hours of continuing education every three (3) years (minimum of 16 hours per year and Other Tax Return Preparers must take 15 hours per year of continuing education. The IRS is updating the requirments to combat fraudent tax return preparation. So is your non-attorney, non-CPA, and non-enrolled agent ready to meet the new tax preparation requirements? You will need to ask.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
Navigating The Tax Headline of the Week
NewsletterQ&A coming soon.
Tax TipsThe Additional Child Tax Credit is available on dependents under the age of 17.
- CIRCULAR 230 DISCLOSURE "We are required by IRS Circular 230 to inform you that the advice contained herein (including all attachments) was not intended or written to be used for the purpose of avoiding any penalties that may be imposed under Federal tax law and cannot be used by you or any other taxpayer for the purpose of avoiding such penalties."
Your Tax Teacher Podcast Recent EpisodeTax refunds will start....
Subscribe to the Your Tax Teacher Weekly Navigating the Tax Headlines and Get the Millionaire Tax Strategy for FREE!