Tax Preparer Must Register To E-File

As the first step to establishing a testing procedure for all tax preparers, the IRS has instituted a fee for the federal identification number for all electronic tax preparers.This called the PTIN or Preparer Tax Identification Number. The cost is $64.25. In my view, this is a clear money grab for a number the IRS has assigned me for free the past 10 years. Next up is a competency exam that also promises to come for a price. Now you know why it is time for me to become an Enrolled Agent with the IRS. If I am going to have spend $100 + a year to stay 'compliant' with the IRS, might as well get something for your money.