All tax return preparers who are compensated for preparing, or assisting in the preparation of, all or substantially all of a U.S. federal tax return or claim for refund must obtain a Preparer Tax Identification Number (PTIN), according to recently updated IRS Frequently Asked Questions. The PTIN will be the exclusive identifying number for tax return preparers. All preparers will need to be registered in the new system, which is available now, and obtain a PTIN before filing any return after December 31, 2010.

This new requirement even applies to those who already have a PTIN. Thus, in addition to any other fees that must be paid for other certifications or licenses, all paid tax return preparers must pay a fee to obtain and renew their PTINs.

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