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As the recent tax season concludes and the 2025 tax season looms, the IRS is reminding tax professionals that now is the perfect time to renew their Preparer Tax Identification Number (PTIN).

Though tax returns on extension were recently filed, the IRS is already focused on the upcoming season. This is a crucial moment for both taxpayers and tax professionals: while taxpayers should connect with their financial advisors to strategize for the year ahead, tax professionals need to ensure their PTIN is current.

Who Needs a PTIN?

Any tax professional who prepares or assists in preparing federal tax returns or claims for refunds and receives compensation must have a valid PTIN from the IRS. Some forms, like SS-4 and 2848, as well as specific informational returns like W-2s and 1099s, are exempt from this requirement. A full list of excluded forms is available on the IRS website.

PTINs are assigned to individuals and cannot be shared. Not having a current PTIN may lead to penalties under Section 6695, injunctions, and possible disciplinary actions by the IRS Office of Professional Responsibility.

PTINs expire on December 31 of the year they are issued, meaning that all 2024 PTINs will expire at the end of 2024.

PTIN Fees

Renewing or obtaining a PTIN costs $19.75, which includes an $11 user fee and an $8.75 contractor fee. This cost remains unchanged from last year and is significantly lower than the 2010 fee of at least $63.

Payments can be made by bank account or credit card; however, note that American Express is not accepted. Importantly, PTIN fees are non-refundable. While you can submit your application without immediate payment, the PTIN will not be issued until the IRS receives your payment.

PTIN Renewals

If you already have a PTIN, you can renew it through the IRS website, which typically takes about 15 minutes. Last year, the process was completed in around six minutes, including waiting for a verification code. This year, however, some users may experience delays receiving this code, which can lead to the need for phone assistance.

For those who prefer to renew via paper, Form W-12 (PTIN Application and Renewal) can be filed, but expect processing times to take approximately six weeks.

First-Time Applicants

First-time PTIN applicants can also apply online. Simply visit the IRS website and navigate to the Tax Pros section, select “Renew or Register,” and follow the prompts to create an account. Paper applications can also be submitted using Form W-12.

Information You’ll Need

When applying for a PTIN, be prepared with your personal and business details, including your name and mailing address. You’ll also need to disclose any felony convictions or tax obligation issues, as these can impact your eligibility. Additionally, have your existing credential information ready, such as your certification number and expiration dates for any licenses related to your profession.

Note: If you’re renewing, ensure the expiration date on your renewal application reflects any updates; the system may auto-fill your previous expiration date.

Social Security Numbers

Providing your Social Security Number (SSN) is mandatory for PTIN applications. If you are a U.S. citizen who has a conscientious objection to obtaining an SSN for religious reasons, you’ll need to complete both Form W-12 and Form 8945.

Foreign preparers who cannot obtain an SSN can still apply for a PTIN, but they must complete Form W-12 and Form 8946, and provide supporting documents to verify their identity and foreign status.

For more information on the procedures for foreign applicants and U.S. citizens with conscientious objections, refer to Rev. Proc. 2010-41.

EFINs

It’s important not to confuse PTINs with EFINs. An Electronic Filing Identification Number (EFIN) is issued by the IRS to authorized e-file providers, while PTINs are issued solely to individuals. There is no fee for obtaining an EFIN.

PTIN Status

You can check your PTIN status in the information window at the top right of your online account menu. If your information isn’t displayed, you may not have been issued a PTIN or may not have linked it to your online account.