Last month we reported on proposed regulations that would impose an annual user fee on paid return preparers in connection with an application for and renewal of a preparer tax identification number (PTIN). At that time we knew the IRS would receive $50 and applicants would pay an additional amount to cover the cost of a third-party vendor to operate the online system and provide customer support. The IRS has announced that the system will go live in mid-September, and the total fee for 2011 will be $64.25. This fee may change in future years as costs are re-evaluated.
This is an annual fee and will apply to all compensated return preparers, including registered tax return preparers, enrolled agents, CPAs and attorneys, even if they already have a PTIN.
Tags: tax professionals
