The IRS on Monday, Sept. 29, issued interim final regulations and proposed regulations that reduce the fee to apply for or renew a preparer tax identification number (PTIN) to $10 from $11.
With the addition of a third-party contractor fee of $8.75, the total annual fee to apply for or renew a PTIN will be $18.75.
Anyone who prepares or assists in the preparation of a federal tax return or claim for refund for compensation must have a valid PTIN to use as their identifying number on any return or claim for refund filed with the IRS.
PTIN renewals begin mid-October each year for the following year. PTINs expire on Dec. 31 of the calendar year for which they are issued. Read more.