Tax Law and News How to renew your PTIN Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Bryan Cytron Modified Nov 15, 2024 4 min read Updated content 10.22.24: The IRS announced that Preparer Tax Identification Number (PTIN) renewals for 2025 are now being processed. The nation’s more than 810,000 tax return preparers must renew their PTIN for the coming year. All current PTINs will expire on Dec. 31, 2024. Anyone who prepares or assists in preparing federal tax returns for compensation must have a valid PTIN before preparing returns. All Enrolled Agents must also have a valid PTIN. The PTIN should be included as the identifying number on any return or claim for refund filed with the IRS. Failure to have and use a valid PTIN may result in penalties. The fee to renew or obtain a PTIN is $19.75 for 2025. The PTIN fee is non-refundable. Tax return preparers with a 2024 PTIN should use the online renewal process, which takes about 15 minutes to complete. A paper option, Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application and Renewal, along with instructions, is also available for PTIN applications and renewals. The paper form can take up to six weeks to process. Updated content 10.24.23: The IRS reminded the nearly 800,000 active tax return preparers that they can take the first step in their filing season readiness by renewing their Preparer Tax Identification Numbers (PTINs) now. Visit IRS.gov/taxpros for more information. Anyone who prepares or helps prepare a federal tax return or a claim for refund for compensation must have a valid PTIN from the IRS. They also need to include the PTIN as their identifying number on any return or claim for refund filed with the IRS. PTINs expire on Dec. 31 of the calendar year for which they are issued. All 2023 PTINs will expire on Dec. 31, 2023. Updated content 10.5.23: The IRS is reducing the annual cost of a Preparer Tax Identification Number (PTIN) after a court ruled that the charge was too high. The application and renewal fee will be reduced to $11, plus an extra $8.75 for payment to a third-party contractor. This is lower than the 2023 fee of $30.75 for renewing or obtaining a PTIN. The move comes after a Federal district court ruled earlier this year in the case of Steele v. United States that the IRS was charging excessive PTIN fees from fiscal years 2011 to 2017. If you prepare, or assist in preparing, federal tax returns for compensation—or are an enrolled agent—you’re required to have a valid preparer tax identification number (PTIN) before preparing returns. With 2023 PTIN applications and renewals currently underway, it’s time to either renew your PTIN or get your PTIN. There are a few key procedures to follow. Here are several steps to follow to ensure you have your PTIN, so that you can continue practicing. Renewing your PTIN First, let’s start with those who already have an online PTIN account and are ready to renew. Renewing your PTIN is an easy process. Here are some simple steps: Log into your account online here. Fill out the online renewal application, ensuring your personal information is correct and answering a few questions. Before doing so, however, review this checklist to make sure you have everything you need to complete the renewal application. Pay the $30.75 fee. This can be done with a debit, credit, or ATM card, or eCheck. Once the application and payment processes, you’ll get confirmation of your PTIN renewal. Never had a PTIN? Here’s how to get one If you’ve never had a PTIN, don’t worry because the process is routine. Simply take around 15 minutes to get your PTIN online here, while looking over this checklist to be prepared. Then pay the non-refundable $30.75 and you’re all set! Prefer to apply or renew offline? Here’s how If you’d like to apply or renew the old-fashioned way, by paper, that’s okay, too. Access and fill out Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application. Once submitted, it will take around 4-6 weeks to process. To get specific instructions on how to fill out Form W-12, click here. Once completed, you’ll send the $30.75 to: IRS Tax Pro PTIN Processing CenterPO Box 380638San Antonio, TX 78268 Distinguished opportunity for non-credentialed return preparers If you don’t have professional credentials or certifications like a CPA or enrolled agent has, there’s still a great opportunity to set yourself apart and be recognized and respected as a tax return preparer. You can be a part of the Public Directory of return preparers and access limited representation rights for your clients by pursuing the Annual Filing Season Program. This program distinguishes you as someone who represents a higher level of professionalism—something that will go a long way with your clients by showcasing your value and experience. Meet the deadline to renew or obtain your PTIN With all of the information above, you’re ready to renew or obtain your PTIN for 2023. But don’t put it off! All PTINs will expire on Dec. 31, 2022, so make sure you renew or apply as soon as you can, so that you meet the deadline and can continue practicing. For more information, visit the IRS page here. Previous Post November 2024 tax and compliance deadlines Next Post Tax relief for victims of Hurricane Milton Written by Bryan Cytron Bryan Cytron is vice president of Cytron and Company. He helps businesses and firms tell their story, build their brand, and grow through top-notch PR, marketing, media relations and communications. This includes websites, blogs, newsletters, social media and more, with a niche in accounting and financial services. 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