MCB Accounting Blog
IRS Expands List of Tax Preparers Who May Obtain a PTIN
- Posted At : February 17, 2012 7:47 PM
- | Posted By : Nancy Coffman
- Related Categories: Tax News
The IRS has released a set of proposed regulations expanding the list of tax return preparers who may obtain and renew a Preparer Tax Identification Number (PTIN). The proposal provides for two additional categories: certain supervised tax return preparers and preparers who prepare tax returns and claims for refund that are not covered by a competency examination.
In the first category, any individual 18 years of age or older is eligible for a PTIN if the individual is supervised by an attorney, CPA, enrolled agent, enrolled retirement plan agent or enrolled actuary authorized to practice before the IRS. In the second category, any individual 18 years of age or older is eligible for a PTIN if he or she exclusively prepares tax returns and claims for refund that are not covered by any minimum competency test prescribed by the IRS. To be eligible for a PTIN, the individual must certify that he or she only prepares returns and claims for refund that are not covered by a minimum competency test. Individuals must also comply with any other eligibility requirements that the IRS may prescribe. These requirements are set forth in IRS Notice 2011-6.
Contact an MCB Tax Adviser for your tax and accounting needs at 703.218.3600 or at info@mcb-cpa.com.
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