An Internal Revenue Service spokesman said Tuesday that more than 2,400 people in Kansas who prepare tax returns professionally – including lawyers and certified public accountants – have not renewed their preparer tax identification numbers, which is a legal requirement if they are to be compensated for preparing tax returns.
IRS spokesman Michael Devine in St. Louis said in an e-mail that the 2,478 Kansans have until Dec. 31 to renew their PTINs. The IRS requires the PTIN for anyone who is compensated for preparing or helping to prepare all or most of a federal tax return as well as a claim for refund. It also requires enrolled agents, such as lawyers and CPAs who represent taxpayers before the IRS, to have PTINs.
Devine said there were 5,172 people in Missouri as of Tuesday who had not renewed their PTINs.
Nationwide, the IRS said about 700,000 PTINs were issued in 2013 and 400,000 had been renewed as of this week.
According to the IRS, the renewal process takes about 15 minutes. The process requires updating personal and business information, primarily names and mailing addresses, disclosures about felony convictions and explanation of any personal or business tax problems – and a $63 renewal fee.
Devine couldn’t say whether it was typical or unusual to have a high number of unfulfilled renewals seven days before the deadline.