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

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

This document contains official instructions for IRS Form W-12 , IRS Paid Preparer Tax Identification Number (Ptin) Application and Renewal - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form W-12 is available for download through this link.

FAQ

Q: What is IRS Form W-12?A: IRS Form W-12 is the application and renewal form for the IRS Paid Preparer Tax Identification Number (PTIN).

Q: Who should use IRS Form W-12?A: Paid tax preparers who are required to have a PTIN should use IRS Form W-12.

Q: What is a PTIN?A: A PTIN is a Preparer Tax Identification Number issued by the IRS to tax professionals who prepare and assist in preparing federal tax returns.

Q: Why do tax preparers need a PTIN?A: Tax preparers need a PTIN to legally prepare federal tax returns for compensation.

Q: How can I apply for or renew a PTIN?A: You can apply for or renew a PTIN by completing IRS Form W-12 and submitting it to the IRS.

Q: Are there any requirements to maintain a PTIN?A: Yes, tax preparers with a PTIN are required to meet certain continuing education requirements and adhere to ethical and professional standards.

Q: Is a PTIN the same as a Social Security Number?A: No, a PTIN is not the same as a Social Security Number. It is a separate identification number issued specifically for tax preparers.

Q: Do I need a PTIN if I am not a professional tax preparer?A: No, you do not need a PTIN if you are not a professional tax preparer. PTINs are only required for individuals who prepare federal tax returns for compensation.