Oct. 18 --Tax preparers who need to renew their identification numbers with the Internal Revenue Service to prepare returns in 2014 can't do so just yet.
The preparer tax identification number renewal season, which normally runs from Oct. 16 to Dec. 31, didn't open on time this year because the government was shut down.
As a result, the start-up of the 2014 renewal season was delayed, the IRS said in an announcement posted on its website. All current PTIN holders will receive letters notifying them when the 2014 season will open.
“It's a wait-and-see what the IRS is going to do,” Kathy Stanek, chief executive officer of the National Association of Tax Professionals, told Bloomberg BNA Oct. 18. “The IRS has delayed the opening but hasn't said it will delay the opening for all of 2013,” she said.
John Ams, executive vice president with the National Society of Accountants, said he expects the situation to be resolved well before Dec. 31. This would allow preparers to begin electronically filing returns in January. “My understanding is that IRS is going to have it running fairly soon,” he said Oct. 18.
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Text of the IRS announcement is at http://www.irs.gov/uac/Newsroom/IRS-Operations-Resumption-Statement.
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