Tax Tip 2020 -14: It’s time for tax professionals to renew their PTIN

IRS Tax Tips October 27, 2020
Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Compliance & Enforcement News Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media	Issue Number:  Tax Tip 2020-143 It's time for tax professionals to renew their PTIN The IRS reminds all active tax preparers to start the upcoming 2021 filing season smoothly by renewing their Preparer Tax Identification Numbers now. All current PTINs will expire December 31, 2020. Anyone who prepares or helps prepare a federal tax return for compensation must have a valid PTIN from the IRS. They need to include the PTIN on any return filed with the IRS. Tax preparers must pay a fee of $35.95 to renew or get a PTIN for 2021. This fee is non-refundable. Those with a 2020 PTIN should use the online renewal process. This takes about 15 minutes. Form W-12, along with the instructions, provide a paper option for PTIN applications and renewals. The paper form can take four to six weeks to process. Failure to have and use a valid PTIN may result in penalties. How to renew a PTIN online: Go to the Tax Professionals page on IRS.gov Select the Renew or Register button. Enter the user ID and password to login to the online PTIN account. Follow the prompts to verify information and answer a few questions Users will receive confirmation of their PTIN renewal once this process is completed. Tax preparers can also use the online system to view a summary of the number of tax returns filed using their PTIN and receive secure messages from the IRS Return Preparer Office. First time PTIN applicants can also apply for a PTIN online. How to apply for a PTIN online: Go to the Tax Professionals page on IRS.gov. Select the Renew or Register button and select Create Account in the New User box. First time users are issued a temporary password and will be prompted to change their password when they log in. Select the appropriate PTIN Sign Up option. Follow the prompts. More information: PTIN Requirements for Tax Return Preparers Annual Filing Season Program Enrolled Agent Information Share this tip on social media -- #IRSTaxTip: It's time for tax professionals to renew their PTIN. https://go.usa.gov/x7rSx   Back to Top         Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 

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