Tuesday, November 5, 2013

2014 PTIN Renewal Period Underway for Tax Professionals


2014 PTIN Renewal Period Underway for Tax Professionals


IR-2013-85, Oct. 31, 2013

WASHINGTON — The Internal Revenue Service today reminded the nation’s almost 690,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2014. All current PTINs will expire on Dec. 31, 2013.

Anyone who, for compensation, prepares or helps prepare any federal return or claim for refund must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared.


“We ask that you renew your PTIN as soon as possible to avoid a last-minute rush. It’s easy to let this slip as the holiday season approaches,” said Carol A. Campbell, Director, IRS Return Preparer Office.

The PTIN system is ready to accept applications for 2014.

For those who already have a 2013 PTIN, the renewal process can be completed online and only takes a few moments. The renewal fee is $63. If you can’t remember your user ID and password, there are online tools to assist you. Preparers can get started at www.irs.gov/ptin.

If you are registering for the first time, the PTIN application fee is $64.25 and the process may also be completed online.

Form W-12, IRS Paid Preparer Tax Identification Number Application and Renewal, is available for paper applications and renewals, but takes four to six weeks to process. Failure to have and use a valid PTIN may result in penalties. All enrolled agents, regardless of whether they prepare returns, must have a PTIN in order to maintain their status.

There have been a number of enhancements to the online PTIN system since last year. They include:
The fully functional "Manage My Account" tool allowing preparers to self-correct almost any field at any time (including professional credentials). Previously, most changes had to be made during renewal. A phone call was required for users to make changes during the rest of the year. However, for security reasons, name changes still require written documentation.
Preparers can now view completed continuing education programs reported by IRS-approved providers beginning with 2013 courses. Providers report completed CE programs to the IRS based on your PTIN number. Enrolled agents must have a minimum of 16 CE hours annually and a total of 72 hours every three years. Others can also view voluntary programs completed. If something is missing, contact your provider directly as we only display what providers send to us.
Planning to take a year off for any reason? A new function allows certain preparers to inactivate their PTINs voluntarily and then reactivate the same number when they return to work. This is only for those preparers who plan to take a full year off. If you are paid to prepare tax returns during any part of a year, you must have a valid PTIN. Note: Enrolled agents must maintain a valid PTIN each year in order to maintain their EA credential and therefore are not eligible to inactivate their PTIN.

For more information about requirements for federal tax professionals and access to the online PTIN system, go to www.irs.gov/for-Tax-Pros.

We as Tax Service Help in Delray Beach provides the latest information from credible sources so that you are prepared to have your small business or personal taxes done correctly. Make sure to visit our website http://taxservicehelp.com/ today.

Saturday, November 2, 2013

Tax Service Help Is Now Online.

Tax Service Advice In Delray Beach is a full service accounting firm, providing comprehensive accounting and tax services for the small to medium size business. We pride our self in being very computer literate and able to respond to our client's needs in an efficient and affordable manner. We provide monthly accounting/tax services for the small to medium size business, making certain that all Federal, State, and

Local taxes are prepared in full compliance with the laws and regulations; and producing a complete set of books monthly.

Adelson & Company, P.A. Certified Public Accountants is an affiliate. Adelson & Company, P.A. provides certified audits, reviews, and compilations with foot notes if required for Tax Advice clients. Occupying the same office with Tax Advice, the firm is peer reviewed by the Florida Institute Of Certified Public Accountants and the American Institute of Certified Public Accountants.Always deferring to your expertise and experience:

Tax SERVICE has been in business since 1990. Our senior accountant, has more than 25 years of public accounting experience.
Tax Advice is a medium size accounting firm located in Delray Beach, Florida. Our client's are mainly located in Broward and Palm Beach Counties, however, we do represent clients in Miami-Dade, Monroe and Martin Counties and many clients that have moved to other States.

Tax Advice provides at no cost to our clients, a courier service. For our clients located in Broward and Palm Beach counties. This takes care of a major concern for our local clients--"How do I get my accounting information to my accountant?" The courier is an in-house employee who is a long time trusted member of our firm. We control the transfer of information from the client to our office under strict confidential procedures.

At the beginning of each month our dispatcher will call the client scheduling a day and time for "client pick-up" For other clients located outside of the courier's route, we provide overnight Federal Express service. For those client's who wish to download their information via e-mail we have the skill to receive these transmissions and process the information.