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Topic: Preparer Tax Identification Number

IRS releases Dirty Dozen Tax Scams List for 2014

 

IRS - Internal Revenue ServiceWashington, D.C. – Every year, people fall prey to tax scams. The IRS wants you to be safe and informed – and not become a victim.

“Some people are victimized by tax scams, while some get involved after being lured in by false promises of big money,” said IRS spokesman Dan Boone.

Taxpayers who get involved in illegal tax scams can lose their money, or face stiff penalties, interest and even criminal prosecution. Remember, if it sounds too good to be true, it probably is. «Read the rest of this article»

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5,900 Tennessee Tax Preparers Must Renew Their PTINs for 2014

 

IRS - Internal Revenue ServiceNashville, TN – The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014. Current PTINs expire December 31st, 2013.

Out of about 12,000 Tennessee tax preparers who have PTINs, more than 5,900 have not yet renewed. «Read the rest of this article»

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IRS reports Three Tax Scams to Beware of this Summer

 

Internal Revenue Service - IRSWashington, D.C. – Are you thinking about taxes while you’re enjoying the warm summer months? Not likely! But the IRS wants you to know that scammers ARE thinking about taxes and ways to dupe you out of your money.

Tax scams can happen anytime of the year, not just during tax season. Three common year-round scams are identity theft, phishing and return preparer fraud. These schemes are on the top of the IRS’s “Dirty Dozen” list of scams this year. They’re illegal and can lead to significant penalties and interest, even criminal prosecution.

Here’s more information about these scams that every taxpayer should know. «Read the rest of this article»

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IRS says Protect Yourself from the Dirty Dozen Tax Scams

 

Internal Revenue Service - IRSWashington, D.C. – The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true.

Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and even criminal prosecution. «Read the rest of this article»

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Internal Revenue Service gives Ten Tips to Help You Choose a Tax Preparer

 

Internal Revenue Service - IRSWashington, D.C. – Many people look for help from tax professionals at tax time according to the Internal Revenue Service.

Remember, though, that even if someone else prepares your tax return, you are legally responsible for what’s on it.

So, it’s very important to choose your tax preparer carefully. «Read the rest of this article»

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IRS Urges Nearly 7,000 Tennessee Tax Preparers to Take Required Test Now

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today urged 6,964 Tennessee tax return preparers to immediately schedule their competency test or risk difficulty finding a date, time or location as the exam deadline nears next year. For most of these, the appropriate test will be the Registered Tax Return Preparer (RTRP) competency test.

Nationwide, more than 310,000 tax return preparers still need to pass the test before December 31st, 2013. «Read the rest of this article»

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IRS Alerts Tennesseans to Most Common Tax Scams

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, including those most common in Tennessee.

“Be cautious! Remember a deal that sounds too good to be true probably is,” said IRS spokesman Dan Boone. “And when someone you don’t know and trust wants your private information, they may be up to no good.” «Read the rest of this article»

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IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17th

 

Internal Revenue Service - IRSWashington, D.C. – The Internal Revenue Service today opened the 2012 tax filing season by announcing that taxpayers have until April 17th to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds.
 
The IRS also announced a number of improvements to help make this tax season easy for taxpayers. This includes new navigation features and helpful information on IRS.gov and a new pilot to allow taxpayers to use interactive video to get help with tax issues. «Read the rest of this article»

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IRS Identifies 100,000 Preparers Who Failed to Follow New PTIN Rules

 

Internal Revenue Service - IRSWashington, D.C. – As part of its new oversight program of the nation’s tax return preparation industry, the Internal Revenue Service today announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.
 
In 2010, the IRS launched an initiative to increase its oversight of the tax return preparation industry and regulate the conduct of tax return preparers. All paid tax return preparers must obtain a Preparer Tax Identification Number (PTIN) and, when required to do so, sign their names and include their PTINs on the returns and refund claims they prepare for compensation. «Read the rest of this article»

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IRS Begins Enforcement of New Return Preparer Rules

 

Internal Revenue Service - IRSWashington, D.C. – The Internal Revenue Service is taking steps to stop tax preparers with criminal tax convictions or permanent injunctions from preparing tax returns. This is just one of several recent moves to improve the quality and oversight of the tax preparation industry.

More than 700,000 tax preparers nationwide have registered with the IRS and obtained Preparer Tax Identification Numbers (PTINs). This nine-digit number must be used by paid tax return preparers on all returns or claims for refund. Paid preparers must renew their PTINs annually to legally prepare tax returns. «Read the rest of this article»

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