Thursday, July 14, 2011

Tax Preparers Failed to Follow New PTIN Rules

Recently the US IRS have initiated a continuing enforcement of the New PTIN Rules that required all legitimate Tax Preparer to use their issued ID Numbers when preparing a Tax Return on behalf of anyone.
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 have a Preparer Tax Identification Number (PTIN), sign their names and include their PTINs on the returns and refund claims they prepare for compensation.
To read the details of the Announcement, please click on the provided link above.
IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams. Taxpayers should be wary of unscrupulous promoters deceiving them including identity theft.

When you use a Tax Preparer in your Income Tax Filing make sure that their PTIN appears on your document.

Work only with someone who is a legitimate Tax Preparer or with someone you know and trust when having your Tax Documents prepared by another person.

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