Q:

What is the typical Preparer Tax Identification Number renewal period?

A:

Quick Answer

The renewal period for Preparer Tax Identification Numbers, or PTINs, starts approximately October 16 for the coming calendar year, according to the Internal Revenue Service. A PTIN must be renewed annually by any individual who prepares federal income tax returns for compensation.

Continue Reading

Full Answer

The renewal can be processed immediately online at the IRS website or in four to six weeks when submitting Form W-12 by mail, states the IRS. To fill out the application, tax preparers need to have their personal and business information available, as well as explanations of any felony convictions or problems with U.S. individual or business tax obligations. The annual fee is $63, as of 2015, and can be paid by credit or debit card online or by check through the mail.

Learn more about Taxes
Sources:

Related Questions

Explore