Proposed PTIN regulations issued on nonsigning supervised preparers and non-1040 preparers

02/16/2012 |

The Internal Revenue Service has issued proposed regulations that, when final, would formally allow nonsigning tax preparers who are supervised by a CPA (or other Circular 230 practitioner) to obtain a preparer tax identification number and prepare returns without becoming a registered tax preparer. The rules would also allow practitioners who prepare only non-1040 returns to obtain a PTIN. The proposed regulations incorporate rules first issued in a notice last year.

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