As of January 1, 2011, all paid preparers and enrolled agents must have a PTIN (Preparer Tax Identification Number) before preparing returns. Each year, your PTIN will expire December 31 and must be renewed annually for the upcoming calendar year. The renewal period for PTINs begins yearly in mid-October and runs through December.
If you already have an online PTIN account, you can login to renew your PTIN on irs.gov. It only takes about 15 minutes to renew your PTIN online. If you opt to use the paper application, Form W-12, IRS Paid Preparer Tax Identification Number (PTIN) Application, it will take 4-6 weeks to process.
To renew your PTIN online it only takes 4 easy steps:
- Access your online account
If you already have an online PTIN account, you can login in at irs.gov.
- Renew Your PTIN
In order to renew your PTIN, you will need to complete the online renewal application. Before you begin your PTIN renewal application, make sure you have all of the following information:
- Personal: Name, Mailing Address, Date of Birth
- Business: Name, Mailing Address, Telephone Number
- Pay Your Fee
You will need to pay the $63.00 renewal fee. The IRS accepts debit and credit payment for this fee.
- View Your Next Steps
After you have completed the PTIN renewal application, make sure to review any testing and continuing education requirements. Beginning in calendar year 2012, tax return preparers must complete 15 hours of continuing education each year by December 31. CE Requirements for registered tax return preparers, enrolled agents and enrolled retirement plan agents are listed below:
- Registered Tax Return Preparers
15 hours per year (Beginning in Calendar Year 2012)
- 3 hours of federal tax law updates
- 10 hours of other federal tax law
- 2 hours of ethics
72 hours every three years
- Must obtain a minimum of 16 hours per year (2 of which must be on ethics)