The Preparer Taxpayer Identification Number (PTIN) is a unique identification number assigned to tax preparers by the Internal Revenue Service (IRS). This number is used to identify and track tax preparers for tax filing purposes.
A PTIN is a unique identification number assigned by the Internal Revenue Service (IRS) to tax return preparers.
Anyone who prepares federal tax returns for compensation must have a PTIN.
You can apply for a PTIN online through the IRS website.
Yes, there is a fee to obtain a PTIN. The current fee is $35.95.
It typically takes 4-6 weeks to receive a PTIN after submitting your application.
Yes, you must renew your PTIN annually.
If you prepare federal tax returns for compensation without a PTIN, you may be subject to penalties and fines.
No, you cannot use someone else’s PTIN to prepare tax returns. Each tax return preparer must have their own unique PTIN.
No, PTINs are not transferable.
You should report any suspected fraudulent use of a PTIN to the IRS immediately.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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