All Preparer Tax Identification Numbers (PTINs) expired December 31, 2011, but there's no need to fret if you missed the deadline. Employee benefit services can help you meet your tax needs by providing guidance and instruction.
Consultants can help you understand the importance of PTINs as part of the tax filing process. PTINs play an important role for people who hire a tax preparation firm to complete their taxes.
As of January 1, 2011, all paid tax preparers were required to have PTINs before completing returns. You can obtaining a PTIN online or with a paper application for a cost of $64.25 annually. PTINs that were obtained for the 2011 filing season will expire on December 31, 2011. Renewal costs are $63 and most preparers can renew online. Tax preparers who applied for their PTINs on paper will be able to renew either online or on paper.
Employee benefit consulting offers an alternative to facing tax burdens on your own. Compliance solutions for employers can guide you in the right direction and answer employees' questions about the tax filing process. Consultants can provide accurate information to help you stay updated on changes that could impact the workplace.
