PTIN refund coming?

[PATAX]

Looks like U.S. district court has ordered the IRS to issue applicable partial refunds of past ptin fees. Will we also get a 1099 for this? Wouldn't be surprised. Just don't spend all that money in one place.

[Jim-from-Ohio · Accepted solution]

https://www.journalofaccountancy.com/news/2023/feb/district-court-holds-irs-owes-tax-preparers-parti...

[IRonMaN]

IRS issuing refunds for PTIN fees?  What's next?  Intuit issuing refunds for fast path fees?

Ok, you can always dream 😴

[sjrcpa]

Love this part:

"the court left open the possibility that the IRS could get that money back in another forum, noting that it "expresses no opinion as to whether the IRS may claw back the forgone PTIN and vendor fees through some other means, such as an administrative process setting fees retroactively for return preparers who registered or renewed their PTINs during the relevant period, or a civil action of its own for restitution""

[Just-Lisa-Now-]

Good lord, they need to raise it, to weed out some of the riff raff!

[abctax55]

No **bleep**, Lisa.

I just had a conversation with a "preparer", but as he uses PS I'm afraid to make comments here for fear he 'might' be a member of this forum.   Sure wish I could still access the lounge as it's was truly frightening that this individual is getting paid.

[taxes96786]

Well, I'm not holding my breath. The Court left an opening for the IRS to create another fee that will, likely, allow them to keep what they have charged rather than returning part of it.

I don't think this qualifies for a 1099, if we get the money, because it is a refund, not income.

As for Intuit Fast Path...it should be a fee charged per efiled return, rather than charging a set fee for all of us. I file far less returns, as a sole-proprietor, that large firms.