TAX SECURITY 101: TAX PROFESSIONALS MUST MAINTAIN, PROTECT EFINS; MONITOR EFINS, PTINS AND CAF NUMBERS

NSTPElectronic Filing Identification Number (EFIN), Fraud, Individual Taxpayer Identification Number (ITIN), Preparer Tax Identification Number (PTIN), Security, Security Summit, Uncategorized

The Internal Revenue Service and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers.

GET YOUR 2018 PTIN BEFORE DECEMBER 31, 2017

NSTPPreparer Tax Identification Number (PTIN)

Dear Tax Professional, It is now Preparer Tax Identification Number (PTIN) renewal season for 2018. THERE IS NO FEE/COST FOR 2018 PTINs. All PTINs expire on December 31 and must be renewed annually. You must have a valid PTIN if you plan to prepare any federal tax returns for compensation or you are an enrolled agent. Get started at www.IRS.gov/ptin. If you can’t remember your User ID or password, use the “Forgot User ID” or “Forgot Password” links on the PTIN system login page. You will be asked to enter the email address associated with your account and the answer to your secret question. Keep up to date by following the IRS Return Preparer Office on Facebook. For the latest news and tools to stay connected, visit www.irs.gov/for-Tax-Pros. Return Preparer Office Internal Revenue Service Note from the Editor: even though recent court rulings have prevented the IRS from collecting fees for the PTIN system, they did not eliminate the requirement to register annually in order to prepare tax returns. All tax professionals must register with the PTIN system in order to be eligible to file tax returns as a paid preparer in 2018.

MONITOR YOUR EFIN AND PTIN FOR SUSPICIOUS ACTIVITY

NSTP14157, e-Services, Electronic Filing Identification Number (EFIN), Internal Revenue Service (IRS), Preparer Tax Identification Number (PTIN)

Criminals are increasingly targeting tax professionals, not only to steal client data, but also to steal the professionals’ data such as EFINs, PTINs or e-Service passwords. Tax preparers can help protect clients and their businesses from identity theft by checking their accounts to ensure the number of returns filed using their EFIN matches IRS records. To access your EFIN information, log onto your e-Services account, select Application, then select e-File Application, click on your name and then select EFIN Status. e-Services accounts are updated weekly with this information, so the IRS urges you to review the number of returns filed with your EFIN. If there are too many returns being filed with your EFIN, contact IRS at the e-Help Desk 1 (866) 255-0654 Returns per PTIN IRS offers many preparers the ability to monitor “Returns Filed per PTIN.” This information is available in the online PTIN system for tax return preparers who meet both of the following criteria. You must have. A professional credential (Enrolled Agent, Certified Public Accountant, Attorney, Enrolled Retirement Plan Agent or Enrolled Actuary) or are an Annual Filing Season Program participant, and At least 50 tax returns from the Form 1040 series processed in the current … Read More