IRS Form W-12 IRS Paid Preparer Tax Identification Number (Ptin) Application and Renewal

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Instructions for IRS Form W-12 IRS Paid Preparer Tax Identification Number (Ptin) Application and Renewal

What Is IRS Form W-12?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on October 1, 2022. Check the official IRS-issued instructions before completing and submitting the form.

FAQ

Q: What is Form W-12?
A: Form W-12 is the IRS form used for applying and renewing a paid tax preparer's PTIN.

Q: What is a PTIN?
A: PTIN stands for Paid Preparer Tax Identification Number, which is a unique identifier used by tax preparers required by the IRS.

Q: Who needs to file Form W-12?
A: Tax preparers who are paid for preparing or assisting in the preparation of federal tax returns need to file Form W-12 to obtain or renew a PTIN.

Q: What is the purpose of Form W-12?
A: The purpose of Form W-12 is to provide the IRS with information necessary to issue or renew a PTIN for tax preparers.

Q: What information is required on Form W-12?
A: Form W-12 requires the tax preparer's personal information, business information (if applicable), and a fee payment.

Q: How often do I need to renew my PTIN?
A: PTINs must be renewed annually.

Q: Are there any fees associated with filing Form W-12?
A: Yes, there is a fee associated with obtaining or renewing a PTIN using Form W-12.

Q: What happens if I don't have a PTIN?
A: If you are a paid tax preparer and do not have a valid PTIN, you are not allowed to prepare federal tax returns for compensation.