PTIN Requirements for Tax Return Preparers
Preparer tax identification number (PTIN) applications and renewals for 2016 are now being processed.
Anyone who preparers or assists in preparing federal tax returns for compensation must have a valid 2016 PTIN before preparing returns. All enrolled agents must also have a PTIN.
annual inflation adjustments
The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items.
Here are the highlights: