In order to provide tax preparation services for compensation, – you must acquire a Preparer’s Tax Identification Number (“PTIN”). In order to electronically file tax returns, you must acquire an Electronic Filing Identification Number (“EFIN”).
Preparer’s Tax Identification Number
A PTIN is an identification number all paid tax return preparers must use on U.S. federal tax returns submitted to the IRS. you can obtain a PTIN online at irs.gov at a cost of $50.00 per year. Your PTIN must be renewed each year.
Most first-time PTIN applicants can obtain a PTIN online in about 15 minutes. The fee is $50.00.
Electronic Filing Identification Number
An EFIN is a code assigned by the IRS, Providers need an EFIN to electronically file tax return directly to the IRS.An EFIN is optional depending on your chosen Affiliate Package.
An EFIN works along with your preparer’s identification number, allowing you to file taxes electronically. To obtain the EFIN you will need to register for IRS e-services, and after authorization you will be able to file for tax returns electronically.
Registration is free, but requires various documentation including fingerprints and a background check. AOS will guide you through the process, and provide step-by-step instructions to help ensure success.
Contact us today to learn how to complete IRS registration for your tax preparation business or for more information on various tax preparation services.