in calendar year 2012, all Registered Tax Return Preparers (Individuals who
have a PTIN) and RTRP candidates must obtain 15 hours of continuing education
annually. The programs should include two hours of ethics, three hours of
federal tax law updates, and ten hours of other federal tax law.
An RTRP candidate is any individual who has a provisional PTIN and who is
required to pass the RTRP competency test by December 31, 2013. Even though
these individuals have until 2013 to pass the test, the continuing education
requirement begins in 2012. Provisional PTIN’s will continue to be issued
through December 2013. Click Here to
apply for your PTIN today!
is a provisional PTIN you ask?
IRS issues provisional PTINs to individuals who are not attorneys, CPAs,
enrolled agents, enrolled retirement plan agents, or enrolled actuaries.
The PTINs are provisional because these individuals must still meet testing
and/or suitability requirements before a permanent or "active" PTIN
can be issued to them.
Initially the IRS planned to cease issuing provisional PTINs when the
Registered Tax Return Preparer competency test began and to require individuals
to pass the test and meet all other requirements before the issuance of a PTIN.
However, the IRS stated in Notice 2011-80 that provisional PTINs would continue
to be issued until at least April 18, 2012.
At this time the IRS plans to continue issuing provisional PTINs past April 18,
2012 and will determine the future of them by December 31, 2013.
does this mean for You and Tax School?
is IRS Approved Continuing Education Provider! If you are someone who has
a PTIN then you should attend one of Liberty’s Tax School’s where you can earn
up to 10 of those Federal Tax Law hours! This is a HUGE
opportunity! Every tax preparer NEEDS these credits and WE offer
class will prepare you to take and pass the IRS RTRP exam. Locations for this test can be found on the IRS website.
more information regarding this please click on the following links:
Traditional Basic Classroom Courses
Online Basic Income Tax Courses