In an effort to monitor and impose quality controls on tax return preparers, beginning January 1, 2011, all individuals (including attorneys and CPAs) who are compensated for preparing, or assisting in the preparation of, all or substantially all of a tax return or claim for refund must have a PTIN. This number is assigned by the IRS, and can be applied for online. Please see the attached memo for further information.
If you have any questions to be covered by an upcoming IRS Reporting Corner newsletter or wish to stay connected with various reporting and withholding updates related to employee benefits, please visit the IRS Reporting Corner.
