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Registered Tax Return Preparer & PTIN & EFIN

 
 
Wilson
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      09-10-2011, 03:55 PM
I applied and got a PTIN last year after Sept. and used it for filing during
2011. I prepare less than 100 returns per year currently.

It appears that I will need to apply for an EFIN before I can start doing
returns in 2012.

My question is, do I need to become a Registered Tax Return Preparer too? If
not now, does it look like I will have to in the future?

I'm a paid preparer, but not a tax lawyer, CPA or an Enrolled Agent.
--
Wilson 44.69, -67.3

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John Fisher
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      09-10-2011, 05:20 PM
On Sep 10, 11:55*am, Wilson <(E-Mail Removed)> wrote:
> I applied and got a PTIN last year after Sept. and used it for filing during
> 2011. I prepare less than 100 returns per year currently.
>
> It appears that I will need to apply for an EFIN before I can start doing
> returns in 2012.
>
> My question is, do I need to become a Registered Tax Return Preparer too? If
> not now, does it look like I will have to in the future?
>
> I'm a paid preparer, but not a tax lawyer, CPA or an Enrolled Agent.
> --
> Wilson 44.69, -67.3


To promote the effective and efficient
administration of the electronic filing
requirement in section 6011(e)(3), proposed
§ 301.6011–6(a)(3) provides a transition
rule for 2011, based upon the number
of individual income tax returns a tax
return preparer reasonably expects (if the
preparer is a member of a firm, the preparer’s
firm members in the aggregate reasonably
expect) to file, to permit the IRS
and affected tax return preparers sufficient
time to prepare for and implement the requirement
of section 6011(e)(3) and proposed
§ 301.6011–6. Beginning January 1,
2011, tax return preparers who reasonably
expect to file (if a preparer is a member of
a firm, the firm’s members in the aggregate
reasonably expect to file) 100 or more
individual income tax returns in calendar
year 2011 are specified tax return preparers
who are subject to these regulations in
2011. Beginning January 1, 2012, tax return
preparers who reasonably expect to
file (if a preparer is a member of a firm,
the firm’s members in the aggregate reasonably
expect to file) 11 or more individual
income tax returns in a calendar year
are specified tax return preparers who are
subject to these regulations for that calendar
year.

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
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Arthur Kamlet
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      09-10-2011, 07:23 PM
In article <j4frnp$st0$(E-Mail Removed)>, Wilson <(E-Mail Removed)> wrote:
>I applied and got a PTIN last year after Sept. and used it for filing during
>2011. I prepare less than 100 returns per year currently.
>
>It appears that I will need to apply for an EFIN before I can start doing
>returns in 2012.
>
>My question is, do I need to become a Registered Tax Return Preparer too? If
>not now, does it look like I will have to in the future?
>
>I'm a paid preparer, but not a tax lawyer, CPA or an Enrolled Agent.



If you are a paid tax return preparer, each year you must renew your PTIN.


Since you are not an attorney, CPA or EA, you must also apply and
become a RTRP. In addition to your other requirements, that means
you must pass a one-time test (IRS released the subjects covered in the
test this week) and each ear must take at least 15 hours of continuing
professional education, including at least two hours of ethics.

Exception: If you have a PTIN and are employed by an attorney, CPA or
EA who signs returns and is responsible for returns which
you prepare, you are exempt from becoming a RTRP.


NOTE: If you are an Electronic Return Preparer (ERO) you must have an EFIN.


Everyone who, or whose firm prepares at least 10 tax returns anually
for years after 2011 must file electronically and you or your firm
would be an ERO or contract through an ERO to file electronically.


Minor quibble: Above you said you were not a tax lawyer. Any attorney
in good standing with a state bar regardless of specialiy, is deemed to
be exempt from having to become a RTRP.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
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removeps-groups@yahoo.com
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      09-11-2011, 12:23 AM
On Sep 10, 12:23*pm, (E-Mail Removed) (Arthur Kamlet) wrote:

> Since you are not an attorney, CPA or EA, you must also apply and
> become a RTRP. * In addition to your other *requirements, that means
> you must pass a one-time test (IRS released the subjects covered in the
> test this week) and each ear must take at least 15 hours of continuing
> professional education, including at least two hours of ethics.


Does the CA tax preparer education requirement fulfill this
requirement? From ctec.org

BEGIN QUOTE http://www.ctec.org/Content.aspx?pid=12

Must apply for their Certificate of Completion within 18 months after
completing their 60 hours of qualifying education from an approved
provider.

Must complete, on an annual basis, not less t han 20 hours of
continuing education from an approved curriculum provider (12 hours
federal, 4 hours California, and 2 hours ethics and 2 hours of either
federal or California).

END QUOTE

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
 
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D. Stussy
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      09-11-2011, 05:48 PM
<(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
> On Sep 10, 12:23 pm, (E-Mail Removed) (Arthur Kamlet) wrote:
>
> > Since you are not an attorney, CPA or EA, you must also apply and
> > become a RTRP. In addition to your other requirements, that means
> > you must pass a one-time test (IRS released the subjects covered in the
> > test this week) and each ear must take at least 15 hours of continuing
> > professional education, including at least two hours of ethics.

>
> Does the CA tax preparer education requirement fulfill this
> requirement? From ctec.org
>
> BEGIN QUOTE http://www.ctec.org/Content.aspx?pid=12
>
> Must apply for their Certificate of Completion within 18 months after
> completing their 60 hours of qualifying education from an approved
> provider.
>
> Must complete, on an annual basis, not less t han 20 hours of
> continuing education from an approved curriculum provider (12 hours
> federal, 4 hours California, and 2 hours ethics and 2 hours of either
> federal or California).
>
> END QUOTE


Yes, and no. Technically, one has to register with the IRS, and the
continuing education credits also have to be accepted by them. If the
credits count, then yes.

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
 
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Junior Member
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      09-11-2011, 06:28 PM
I am thinking about preparing tax returns for the upcoming season in my spare time. Does anyone know of any good resources that would help me pass the RTRP and help me run this venture in general? Any help is appreciated and thanks in advance. I live in Florida if that matters.
 
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Arthur Kamlet
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      09-11-2011, 09:17 PM
In article <j4hlpp$2ap$(E-Mail Removed)>,
D. Stussy <(E-Mail Removed)6lvw.ampr.org> wrote:
><(E-Mail Removed)> wrote in message
>news:(E-Mail Removed)...
>> On Sep 10, 12:23 pm, (E-Mail Removed) (Arthur Kamlet) wrote:
>>
>> > Since you are not an attorney, CPA or EA, you must also apply and
>> > become a RTRP. In addition to your other requirements, that means
>> > you must pass a one-time test (IRS released the subjects covered in the
>> > test this week) and each ear must take at least 15 hours of continuing
>> > professional education, including at least two hours of ethics.

>>
>> Does the CA tax preparer education requirement fulfill this
>> requirement? From ctec.org
>>
>> BEGIN QUOTE http://www.ctec.org/Content.aspx?pid=12
>>
>> Must apply for their Certificate of Completion within 18 months after
>> completing their 60 hours of qualifying education from an approved
>> provider.
>>
>> Must complete, on an annual basis, not less t han 20 hours of
>> continuing education from an approved curriculum provider (12 hours
>> federal, 4 hours California, and 2 hours ethics and 2 hours of either
>> federal or California).
>>
>> END QUOTE

>
>Yes, and no. Technically, one has to register with the IRS, and the
>continuing education credits also have to be accepted by them. If the
>credits count, then yes.



I do not believe passing the CA preparer tests meet the RTRP
requirements.

At this time, CA preparers and all other prospective RTRPs must pass
the federal RTRP test which the IRS requires. I believe they
contracted administration and scoring of this test to Prometrics.

In the future, IRS may have other categories of RTRPs, say small
business, large business, trusts & estates, payroll and trust funds,
etc.

As of now, the IRS has gone along with a test that examines knowledge
of basic 1040 information, and small sole proprietors. The test also
includes some ethics and rep work for examination only for tax returns
prepared and signed by the RTRP.


I have not read the full requirements for education, but would guess
the tax portions must be relevant to federal tax issues, Education
relevant only to state issues probably would not count towards the
RTRP annual requirement.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
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D. Stussy
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      09-12-2011, 02:14 AM
"Arthur Kamlet" <(E-Mail Removed)> wrote in message
news:j4j8gv$kc$(E-Mail Removed)...
> In article <j4hlpp$2ap$(E-Mail Removed)>,
> D. Stussy <(E-Mail Removed)6lvw.ampr.org> wrote:
> ><(E-Mail Removed)> wrote in message

>
>news:(E-Mail Removed)...
> >> On Sep 10, 12:23 pm, (E-Mail Removed) (Arthur Kamlet) wrote:
> >>
> >> > Since you are not an attorney, CPA or EA, you must also apply and
> >> > become a RTRP. In addition to your other requirements, that means
> >> > you must pass a one-time test (IRS released the subjects covered in

the
> >> > test this week) and each ear must take at least 15 hours of

continuing
> >> > professional education, including at least two hours of ethics.
> >>
> >> Does the CA tax preparer education requirement fulfill this
> >> requirement? From ctec.org
> >>
> >> BEGIN QUOTE http://www.ctec.org/Content.aspx?pid=12
> >>
> >> Must apply for their Certificate of Completion within 18 months after
> >> completing their 60 hours of qualifying education from an approved
> >> provider.
> >>
> >> Must complete, on an annual basis, not less t han 20 hours of
> >> continuing education from an approved curriculum provider (12 hours
> >> federal, 4 hours California, and 2 hours ethics and 2 hours of either
> >> federal or California).
> >>
> >> END QUOTE

> >
> >Yes, and no. Technically, one has to register with the IRS, and the
> >continuing education credits also have to be accepted by them. If the
> >credits count, then yes.

>
>
> I do not believe passing the CA preparer tests meet the RTRP
> requirements.


Like I said, one still has to register with the IRS.

> At this time, CA preparers and all other prospective RTRPs must pass
> the federal RTRP test which the IRS requires. I believe they
> contracted administration and scoring of this test to Prometrics.


I didn't say that they were exempt.

> In the future, IRS may have other categories of RTRPs, say small
> business, large business, trusts & estates, payroll and trust funds,
> etc.
>
> As of now, the IRS has gone along with a test that examines knowledge
> of basic 1040 information, and small sole proprietors. The test also
> includes some ethics and rep work for examination only for tax returns
> prepared and signed by the RTRP.
>
>
> I have not read the full requirements for education, but would guess
> the tax portions must be relevant to federal tax issues, Education
> relevant only to state issues probably would not count towards the
> RTRP annual requirement.


That's why I said that only the credits accepted by the IRS counted.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
 
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