Preparer Tax Identification Number renewal season has begun, the IRS announced.
Anyone who charges for preparing or assisting in the preparation of federal tax returns must have a valid 2018 PTIN beforehand. All Enrolled Agents must also have a valid PTIN. All PTINs expire on Dec. 31 and must be renewed for the 2018 filing season.
There is no fee for a 2018 PTIN.
The IRS temporarily closed the PTIN system earlier this year after losing a lawsuit over registration and renewal fees, but
A new IRS revenue procedure is applicable for some research or experimental expenses.
Accounting's influencers predict the biggest changes over the next 10 years.
As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What do you think will be the biggest change in accounting in the next 10 years?"
The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.
After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.
Proposed regs for the corporate alternative minimum tax may place a major burden on smaller partnerships.
