WHAT ARE NEW "PTIN" RULES FROM IRS ?

IRS ISSUED NEW RULES IN 2011 TO REGULATE CONDUCT OF ALL PAID TAX RETURN PREPARERS.
1. ALL PAID PREPARERS MUST OBTAIN "PTIN" ( PREPARER TAX IDENTIFICATION NUMBER) FROM IRS.
2. TAX RETURN PREPARERS MUST SIGN NAMES, AND INCLUDE THEIR PTINS ON THE RETURNS AND REFUND CLAIMS THEY PREPARE FOR COMPENSATION,
3. STARTING JULY 7, 2011 IRS IS SENDING OUT LETTERS TO ABOUT 100K TAX RETURN PREPARERS ACROSS THE COUNTRY WHO VIOLATED THE NEW RULES.
4. THERE ARE ABOUT 712K TAX RETURN PREPARERS ACROSS THE COUNTRY.
5.  MAKE SURE YOUR TAX RETURN PREPARER SIGNS THE RETURN AND THERE IS A "PTIN" ON THE TAX RETURN.
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