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LSDefine

Simple English definitions for legal terms

Preparer Taxpayer Identification Number (PTIN)

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A quick definition of Preparer Taxpayer Identification Number (PTIN):

Preparer Taxpayer Identification Number (PTIN): A special number given by the Internal Revenue Service (IRS) to people who help others prepare and file their taxes for money. It's an eight-digit number that starts with the letter P. To get a PTIN, you need to give the IRS your personal information, business information, and previous year's tax return. You also need to pay a fee. The PTIN expires every year on December 31st, so you need to renew it every year.

A more thorough explanation:

A Preparer Taxpayer Identification Number (PTIN) is a unique eight-digit number issued by the Internal Revenue Services (IRS) for enrolled agents and any person who prepares or assists in preparing federal tax returns for compensation. In simpler terms, if you get paid to help someone with their taxes, you need a PTIN.

To get a PTIN, you can apply online or by filling out Form W-12 and sending it to the IRS. You'll need to provide personal information like your name, address, and Social Security number, as well as information about your business and any professional certifications you have. You'll also need to pay a fee.

The PTIN expires on December 31 of each year, so you'll need to renew it annually. You can do this online using your PTIN account.

Let's say you're a tax preparer who helps people file their tax returns. You charge a fee for your services. In order to do this legally, you need to have a PTIN. You apply for one online and provide all the necessary information. Once you have your PTIN, you can continue to help people with their taxes and get paid for it.

Prepaid legal services | prepayment penalty

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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