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Preparer Tax Identification Number

IRS suspends Identity Protection PIN online program

IRS suspends Identity Protection PIN online program

IRS Statement on IP PIN (Mar. 7, 2016) IRS has announced that it has temporarily suspended its online Identify Protection Personal Identification Number (IP PIN) program; that program allowed taxpayers who had received such numbers and then lost or misplaced them, and certain other taxpayers, to retrieve IP PINs online. Background. To provide relief to […]

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Washington Alert – PTIN expiration notices sent; GAO faults IRS phone service; Return preparers and EITC warning; FINCEN and insurance companies

Washington Alert – PTIN expiration notices sent; GAO faults IRS phone service; Return preparers and EITC warning; FINCEN and insurance companies

IRS announced on Jan. 22 that the Return Preparer Office has started mailing Preparer Tax Identification Number (PTIN) expiration notices to tax preparers who have not renewed their PTIN for 2016. (e-News for Tax Professionals 2016-3) According to the agency, some 150,000 such notices will be sent. The notice informs recipients that their PTIN can […]

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Washington Alert – Another Bank enters the Swiss Bank Program; CBO report on the budget; IRS issues reminder to non-credentialed tax preparers

Washington Alert – Another Bank enters the Swiss Bank Program; CBO report on the budget; IRS issues reminder to non-credentialed tax preparers

The Justice Department (DOJ) announced on Jan. 6 that Union Bancaire Privée, UBP SA (UBP) reached a resolution under the department’s Swiss Bank Program and agreed to pay a penalty of nearly $188 million. According to DOJ, the bank had a decades-long history of aiding and assisting U.S. clients in opening and maintaining undeclared accounts […]

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IRS advises taxpayers to choose a tax return preparer wisely

IRS advises taxpayers to choose a tax return preparer wisely

IR 2015-124 Noting that there is still some time before the next tax filing season, IRS has advised taxpayers to make use of that time to consider the appropriate options in choosing a tax return preparers. Basic advice. IRS provides some basic tips that taxpayers can keep in mind when selecting a tax professional and filing […]

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Washington Alert – IRPAC report on TINs; e-file Providers must answer the annual self-certification questions; U.S. & San Marino sign IGA; revised Publication 4557, Safeguarding Taxpayer Data

Washington Alert – IRPAC report on TINs; e-file Providers must answer the annual self-certification questions; U.S. & San Marino sign IGA; revised Publication 4557, Safeguarding Taxpayer Data

Issues revolving around taxpayer identification numbers (TINs) are addressed in several recommendations appearing in the annual report of the Information Reporting Program Advisory Committee (IRPAC). (IR 2015-121) As stated in its report, the purpose of IRPAC “is to identify, and make specific recommendations for, areas of the information reporting program which can be improved by […]

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IRS announces changes to Preparer Tax Identification Number user fees

IRS announces changes to Preparer Tax Identification Number user fees

T.D. 9742, 10/29/2015; Reg. § 300.13, Reg. § 300.13T; Preamble to Prop Reg10/29/2015 ; Prop Reg § 300.13; IR 2015-123 In a temporary reg, IRS has announced changes, effective for applications filed on or after Nov. 1, 2015, in the fees for applying for and renewing Preparer Tax Identification Numbers (PTINs). The text of the […]

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Washington Alert – TIGTA report on FATCA; IRS pub on Safeguarding Taxpayer Data; TIGTA report on IRS failure to revoke the PTINs for unsuitable tax return preparers

Washington Alert – TIGTA report on FATCA; IRS pub on Safeguarding Taxpayer Data; TIGTA report on IRS failure to revoke the PTINs for unsuitable tax return preparers

IRS has made good progress in implementing the Foreign Account Tax Compliance Act (FATCA), the Treasury Inspector General for Tax Administration (TIGTA) said in an audit released on Oct. 13. (Audit Report No. 2015-30-085) As described in the audit, under FATCA, individual taxpayers with specified foreign financial assets that meet a certain dollar threshold are […]

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Washington Alert – EKS Bank now part of Swiss Bank Program; Webinar on Tangible Property Regs; Too much income tax withheld; IRS sending letters to federal tax return preparers with expired PTINs or who have personal non-compliance issues

Washington Alert –  EKS Bank now part of Swiss Bank Program; Webinar on Tangible Property Regs; Too much income tax withheld; IRS sending letters to federal tax return preparers with expired PTINs or who have personal non-compliance issues

The Justice Department (DOJ) announced on June 26 that Ersparniskasse Schaffhausen AG (EKS), a small regional bank wholly owned by a Swiss charitable foundation, has reached a resolution under the department’s Swiss Bank Program. The bank agreed to pay $2.1 million in penalties. To be eligible for the program, banks had to inform DOJ by […]

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Washington Alert – Enrolled Agents Need to Renew Enrollment, Tax Returns Filed but Customer Service Found to be Lacking

Washington Alert – Enrolled Agents Need to Renew Enrollment, Tax Returns Filed but Customer Service Found to be Lacking

Enrolled agents with Social Security numbers (SSNs) ending in 7, 8, or 9, or those without an SSN, who have not timely renewed their enrollment status, need to do so as soon as possible, IRS said on April 24. (e-News for Tax Professionals 2015-16) IRS announced that it is preparing to move these enrolled agents […]

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IRS and National Tax Groups Join in Helping Choose the Right Tax Return Preparer

IRS and National Tax Groups Join in Helping Choose the Right Tax Return Preparer

IR 2014-116, Fact Sheet 2014-11, December 2014   In a press briefing, IRS has announced that it was joining with several national tax organizations to provide people with new options to get information and tips on selecting tax professionals and avoiding unscrupulous return preparers. A Fact Sheet provided additional tips to keep in mind when […]

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Reminder: Dec. 31 is Deadline to be in IRS’s Return Preparer Program

Reminder: Dec. 31 is Deadline to be in IRS’s Return Preparer Program

IR 2014-113 IRS has issued a reminder that tax return preparers who wish to participate in IRS’s new Annual Filing Season Program (AFSP) for 2015 must complete the relevant continuing education (CE) requirements by Dec. 31, 2014. IRS has also provided updated information about AFSP. Background. In IR 2014-75, IRS announced a voluntary education program, the […]

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Washington Alert – Bits ‘n Pieces – IRS reacts to decision in Loving; Prop. Reg. re 501(c)(4); Tax Court allows anonymous petitioners in whistleblower cases;

Washington Alert – Bits ‘n Pieces – IRS reacts to decision in Loving; Prop. Reg. re 501(c)(4); Tax Court allows anonymous petitioners in whistleblower cases;

In the wake of a recent court decision, certain tax professionals who were previously suspended or disbarred will now be allowed to obtain or renew preparer tax identification numbers (PTINs) and may again prepare federal tax returns for compensation. (e-News for Tax Professionals 2014-21) According to IRS, the change applies to individuals who were sanctioned […]

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IRS reminds tax return preparers to renew their PTINs before year-end

IRS reminds tax return preparers to renew their PTINs before year-end

In IR 2013-85, IRS has issued a news release reminding tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) before year end.  All 2013 PTINs will expire on Dec. 31 and must be renewed annually. Background. For tax returns or refund claims filed after Dec. 31, 2010, the identifying number that a return […]

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2014 PTIN Renewal Period Underway for Tax Professionals

2014 PTIN Renewal Period Underway for Tax Professionals

WASHINGTON — The Internal Revenue Service  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 […]

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IRS Chief Counsel Advice: Two information reporting penalties, sections 6721 and 6722, are divisible taxes for full-payment rule purposes

IRS Chief Counsel Advice: Two information reporting penalties, sections 6721 and 6722, are divisible taxes for full-payment rule purposes

In Chief Counsel Advice (CCA) 2013-15017, the IRS has determined that the penalties under Code Sec. 6721 for failure to file an information return and Code Sec. 6722 for failure to furnish a correct payee statement are divisible taxes for purposes of establishing refund suit jurisdiction. Notably, the penalties are calculated on a per-transaction basis, […]

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CSTC – What does the decision in Loving v. IRS mean to you?

CSTC – What does the decision in Loving v. IRS mean to you?

The California Society of Tax Consultants (CSTC), in response to the decision in Loving v. IRS, where the IRS tax preparer regulations were struck down and the IRS was permanently enjoined from enforcing them, provided advice to its constituents about the effect of the legal decision. Here’s the notice from CSTC. What does the decision […]

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US court strikes down IRS tax preparer regulations

US court strikes down IRS tax preparer regulations

Talk about a turn of events – – In a surprising blow to the Internal Revenue Service, a federal judge recently barred the agency from regulating thousands of non-professional tax return preparers, throwing into doubt a multimillion-dollar enforcement program already under way.  The case is Sabina Loving, et al, v. Internal Revenue Service, U.S. District […]

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Test-taking anxiety looms for U.S. tax return preparers

Test-taking anxiety looms for U.S. tax return preparers

Per the news (Reuters) – These are testing times for tax preparers.  About 340,000 preparers must pass IRS test; Stress may squeeze out elderly preparers; and Dec. 31, 2013 deadline for passing exam.  We previously blogged on this in “Over 36,000 California tax preparers must take competency test per IRS“and in “Tax Return Preparers Beware: […]

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IRS News: Revised FAQs explain who needs a PTIN and who must be a registered tax return preparer

IRS News:  Revised FAQs explain who needs a PTIN and who must be a registered tax return preparer

IRS Website:  Updated FAQs on PTINs; Updated FAQs on Preparer Credentials IRS has updated its frequently asked questions (FAQs) on who needs to obtain a preparer tax identification number (PTIN) to prepare a return, and the credentials needed by various types of return preparers, including the new designation of registered tax return preparer (RTRP). The […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney