PTIN renewal season begins

Applications and renewals for Preparer Tax Identification Numbers for 2020 are now being accepted, the IRS announced.

PTINs expire on Dec. 31 each year. Anyone who prepares or assists in preparing federal returns for pay must have a valid 2020 PTIN. All Enrolled Agents must also have a valid PTIN. Attorneys and CPAs only need a PTIN if they’re paid for preparing or assisting in preparing federal returns or claims for refund.

A PTIN cannot be shared among multiple individuals or an office; each individual must obtain their own PTIN.

It takes about 15 minutes to apply for or renew a PTIN online, the IRS claims, while processing the paper W-12 will take four to six weeks.

More information is on the IRS PTIN Requirements page and the PTIN FAQ page.

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