Enrolled Agents, you know who you are, have been advised by the IRS that renewal of your enrollment is postponed until further notice.
Announcement 2010-81 stated the following:
This Announcement delays until further notice the renewal period under section 10.6(d) of the regulations governing practice before the IRS, Treasury Department Circular No. 230, 31 CFR part (Circular 230), for enrolled agents with social security numbers or tax identification numbers ending in 4, 5, or 6.
The renewal period for enrolled agents whose social security numbers or tax identification numbers end in 4, 5, or 6 is set to begin on November 1, 2010 and end on January 31, 2011. However, as stated earlier, this requirement is to be disregarded until further notice.
Why is this happening? Well, the IRS is very, very busy implementing new regulations that require all paid tax preparers to apply for or renew a Preparer Tax Identification Number (PTIN). Every paid preparer MUST have this PTIN by January 1, 2011 or they cannot prepare tax returns. This PTIN must appear on every paid tax return – it will enable the IRS to identify who prepared it.
At some point, the IRS will publish a schedule for affected enrolled agents to renew their enrollment. It will appear in the Internal Revenue Bulletin and on the IRS Office of Professional Responsibility webpage at irs.gov/taxpros/agents/index.html. EA’s will have at least 60 but not more than 120 calendar days to submit the required applications for renewal.
The IRS advises this delay will not affect the number of hours of continuing education required for renewal (72 hours) or the time within which these hours must be completed.
Have you submitted your application for a PTIN?
Tax Wisdom: The taxing power of government must be used to provide revenues for legitimate government purposes. It must not be used to regulate the economy or bring about social change. We’ve tried that, and surely we must be able to see it doesn’t work.
– Ronald Reagan