Implementation Timeline
1. What is the best estimate for when the new regulations will be
implemented? (revised 9/16/10)
Late-September, 2010, is the current target date for an on-line registration
system and all preparers will need to be registered on the new system and
have a Preparer Tax Identification Number (PTIN) prior to filing any return
after Dec. 31, 2010. Final determination of these dates is dependent on many
factors and will be widely publicized as soon as available.
Testing will not be implemented until after registration and mandatory PTIN
usage are in place.
Complete FAQ's on Proposed New Requirements for Tax Return Preparers
available at http://bit.ly/ciHosl
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