POSTED: Thursday, November 14, 2013 - 5:00am
UPDATED: Thursday, November 14, 2013 - 5:04am
NEW ORLEANS, LA — The Internal Revenue Service is reminding 9,600 Louisiana tax professionals that their Preparer Tax Identification Number (PTIN) will expire on Dec. 31, 2013.
Nationwide, almost 690,000 federal tax return preparers must renew their PTIN for 2014. Anyone who prepares or assists in preparing federal tax returns for compensation must have a valid PTIN.
In Louisiana, 9,600 tax professionals with active and provisional PTINs are affected by this requirement. That includes 2,758 CPAs, 346 Enrolled Agents and 213 Attorney’s.
“We ask that you renew your PTIN as soon as possible to avoid a last-minute rush. It’s easy to let this slip as the holiday season approaches,” said Carol A. Campbell, Director, IRS Return Preparer Office.
The IRS is now processing applications and renewals for 2014. The fee to renew a 2013 PTIN is $63. If you are registering for the first time, the PTIN application fee is $64.25. Both can be completed online at www.irs.gov/ptin .
For more information about requirements for federal tax professionals and access to the online PTIN system, go to www.irs.gov/for-Tax-Pros .