Per Ken Horwitz & Patty Wyatt telcon with IRS June 15:
The new online Preparer Tax Identification Number (PTIN) database, scheduled to open September 1, 2010 gives the Office of Professional Responsibilities (OPR) a much-improved vehicle for tracking paid preparers’ compliance with the filing and payments of personal, corporate and payroll tax returns.
The PTIN application will require disclosure regarding the applicant’s (1) Federal tax compliance status (that is, return filing and payment of tax), and (2) history of criminal convictions. Via teleconference in a TSCPA/IRS meeting June 15, 2010, Robert Johnson with OPR’s Washington, D.C. office, expressed that now is the time for our members to resolve any outstanding compliance issues.
We are reminded that an un-filed refund return is not exempt. OPR can (and does) reprimand, censure, suspend, disbar, and invoke monetary penalties to non-compliant paid preparers. It then shares public disciplinary actions with state boards of public accountancy. All paid preparers must obtain a PTIN or renew their current PTIN and pay the applicable fee in the new database before the January 2011 filing season.
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