If you are a new tax preparer, you need to get your Preparer Tax Identification Number (PTIN) before taking on tax work. It’s the first step in your tax career.
Watch this video to know what the PTIN is, why it’s important, and how to get one. Also, know the differences between a PTIN and an EFIN. All of which are required in a tax preparation business.
References:
UltimateTax - https://www.ultimatetax.com
Get your PTIN to Be a Tax Preparer - https://www.ultimatetax.com/tax-prepa...
Get your EFIN for your Tax Preparation Business - https://www.ultimatetax.com//tax-prep...
How to Apply for your EFIN - https://www.youtube.com/watch?v=3k1GN...
IRS References:
PTIN Requirements for Tax Return Preparers - https://www.irs.gov/tax-professionals...
PTIN FAQs - https://www.irs.gov/tax-professionals...
IRS Form 8945 - https://www.irs.gov/forms-pubs/about-...
IRS Form 8946 - https://www.irs.gov/forms-pubs/about-...
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