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News EssentialsThe Newsroom TopicsIRS Resources | Issue Number: IR-2024-274Inside This IssueIRS reminds tax professionals to renew PTINs for 2025 tax season WASHINGTON — The Internal Revenue Service today announced that Preparer Tax Identification Number (PTIN) renewals for 2025 are now being processed. The nation's more than 810,000 tax return preparers must renew their PTIN for the coming year. All current PTINs will expire on Dec. 31, 2024. Anyone who prepares or assists in preparing federal tax returns for compensation must have a valid PTIN before preparing returns. All Enrolled Agents must also have a valid PTIN. The PTIN should be included as the identifying number on any return or claim for refund filed with the IRS. Failure to have and use a valid PTIN may result in penalties. The fee to renew or obtain a PTIN is $19.75 for 2025. The PTIN fee is non-refundable. Tax return preparers with a 2024 PTIN should use the online renewal process, which takes about 15 minutes to complete. A paper option, Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application and Renewal, along with instructions, is also available for PTIN applications and renewals. The paper form can take up to six weeks to process. To renew a PTIN online:
The online system not only allows PTIN renewal, but tax return preparers can:
First time PTIN applicants can also apply for a PTIN online. To apply for a PTIN online:
Opportunity for non-credentialed tax return preparers The Annual Filing Season Program is a voluntary IRS program geared toward tax return preparers who are not Enrolled Agents, attorneys or certified professional accountants. It's intended to encourage those non-credentialed tax return preparers to take continuing education courses to increase their knowledge and improve their filing season readiness. Those who choose to participate must renew their PTIN, complete up to 18 hours of continuing education from IRS-approved CE providers by Dec. 31, 2024, and consent to adhere to specific obligations in Treasury Department Circular 230, Regulations Governing Practice before the Internal Revenue Service. After completing the steps, the tax return preparer receives an Annual Filing Season Program Record of Completion from the IRS. Program participants are then included in a public directory of tax return preparers with credentials and select qualifications on the IRS website. The searchable IRS directory helps taxpayers find tax return preparers in their area who have completed the program or hold professional credentials recognized by the IRS. Watch Tax Pros: Here's how to participate in the IRS Annual Filing Season Program for more details about the program. Enrolled Agent credential The Enrolled Agent credential is a certification issued by the IRS to tax professionals who demonstrate special competence in federal tax planning, individual and business tax return preparation and representation matters. Enrolled Agents have unlimited rights to practice before the IRS, allowing them to represent any client before the IRS on any tax matter. As non-credentialed tax return preparers think about next steps in their professional career, the IRS encourages them to consider becoming an Enrolled Agent. All Enrolled Agents, regardless of whether they prepare tax returns, must renew their PTIN annually to maintain their active status.
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Tuesday, October 22, 2024
IR-2024-274: IRS reminds tax professionals to renew PTINs for 2025 tax season
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