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Old 03-19-2014, 06:33 PM
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PTIN Requirement

I have prepared the final tax return for my deceased aunt. I will also be prepaing the 1041 and K1s for the estate. I am also an heir of the estate. I will be paid to complete these returns. As a related party to the deceased and the estate, am I required to obtain a PTIN? I have been advised that it is not necessary for me to sign the returns and that a PTIN isn't needed. I do not want to risk my good standing. I will not be preparing any tax returns for compensation going forward.



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Old 03-20-2014, 07:18 AM
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Quote:
Originally Posted by SVCPA View Post
I have prepared the final tax return for my deceased aunt. I will also be prepaing the 1041 and K1s for the estate. I am also an heir of the estate. I will be paid to complete these returns. As a related party to the deceased and the estate, am I required to obtain a PTIN? I have been advised that it is not necessary for me to sign the returns and that a PTIN isn't needed. I do not want to risk my good standing. I will not be preparing any tax returns for compensation going forward.
aslongas you are not a tax return preparer and you are not required to have a PTIN. The PTIN regulations require all tax return preparers who are compensated for preparing, or assisting in the preparation of, all or substantially all of a tax return or claim for refund of tax to register and obtain a PTIN. A PTIN must be obtained by all EAs, CPAs, Attorneys as well as all tax return preparers who are compensated for preparing, or assisting in the preparation of, all or substantially all of any U.S. federal tax return;Non-1040 preparers generally need a PTIN. For more info in detail, please contact the IRS



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