Beginning 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!

 What is a provisional PTIN you ask?

 The 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.

What does this mean for You and Tax School?

Liberty 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 them!

This class will prepare you to take and pass the IRS RTRP exam. Locations for this test can be found on the IRS website.

For more information regarding this please click on the following links:

Traditional Basic Classroom Courses

Online Basic Income Tax Courses