IRS Announces New Return Preparer Application System and User Fee; IRS Also Releases Proposed Regulations to Amend Circular 230 Rules

My first post! Those who know me know I have been very interested in the new tax preparer rules and regulations IRS has been creating, which will be effective for tax returns prepared for the 2011 tax season.

IRS issued a release dated 8/19/10 regarding the systems and Circular 230 changes. They also say PTIN application process will be suspended August 22 in preparation for September rollout of the online PTIN application.

http://www.irs.gov/newsroom/article/0,,id=226697,00.html

Also, some more FAQ's on PTINs were updated 8/18:

http://bit.ly/ciHosl

More to come.

IRS Announces New Return Preparer Application System and User Fee; IRS Also Releases Proposed Regulations to Amend Circular 230 Rules