[TaxMama Note: This applies to everyone – EAs, CPAs, attorneys, licensed, as well as unlicensed preparers. Do not rush to register unless you need a PTIN to take the EA Exam. The system is jammed. Your current PTIN will work just fine until you update your registration.]
A new online system for paid tax return preparers to register with the IRS and obtain a preparer tax identification number (PTIN) is now available on IRS.gov. All paid preparers, including those who already have a PTIN, should sign-up on the system by Jan. 1, 2011. There is a new annual user fee of $64.25 for a PTIN.
Receipt of a PTIN will be immediate after successful online registration. Or a paper application may be submitted on Form W-12, IRS Paid Preparer Tax Identification Number Application, with a response time of four to six weeks. Before registration, applicants should consider that the date the PTIN is assigned is established as the annual renewal date.
For access to the new system and more information, see the Tax Professionals page on IRS.gov.