Renew Your PTIN by December 31, 2024
With the 2025 tax season fast approaching, the IRS is reminding tax professionals to renew their Preparer Tax Identification Numbers (PTINs) before the December 31, 2024, deadline.
A PTIN is mandatory for anyone preparing or assisting in preparing federal tax returns for compensation, and the renewal process ensures compliance with federal regulations. The fee for renewing or obtaining a PTIN is $19.75, and it can be completed through the IRS website in about 15 minutes.
How to Renew Your PTIN
Current PTIN Holders
The IRS makes the renewal process straightforward. PTIN holders can log into their existing accounts on the IRS PTIN system, verify personal details, and pay the required fee online.
Review the PTIN Renewal Checklist before getting started.
New PTIN Applicants
New applicants will need to provide basic personal information, including Social Security Number, prior to completing the process. Those who may have forgotten their PTIN or account credentials can also retrieve this information via the IRS website.
Annual Filing Season Program
The IRS also encourages tax professionals who are not credentialed (such as Enrolled Agents or CPAs) to participate in the Annual Filing Season Program. This voluntary program offers further recognition and reinforces their qualifications, allowing them to appear in the IRS directory of tax return preparers with credentials and select qualifications.
By completing continuing education and meeting other program requirements, preparers receive a Record of Completion, which can help enhance client trust and demonstrate ongoing professional development.
Increasing Demand for Tax Professionals
It's crucial for tax preparers to make PTIN renewal a priority in their year-end planning. The IRS highlights the increasing demand for qualified tax professionals as regulations continue to evolve, and having an active PTIN is the first step in ensuring compliance with IRS standards for 2025.
To get started, visit the IRS PTIN renewal page.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
