New regulations require all paid tax return preparers to apply for a Preparer Tax Identification Number — even those who already have one — before preparing any federal tax returns in 2011.

The PTIN requirement is one of the first provisions being implemented in a new oversight program to help regulate the tax preparation industry. Beginning January 1, 2011, anyone paid to prepare all or substantially all of any federal tax return or claim for refund must have a PTIN. The requirement applies to all paid tax return preparers, including those who are enrolled agents, certified public accountants and attorneys.

Tax return preparers can register immediately using a new PTIN sign-up system available through www.IRS.gov/taxpros . Tax return preparers who received their PTINs prior to Sept. 28, 2010, must register using the new sign-up system. Preparers will need to create an account, complete the PTIN application and pay a $64.25 fee.

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