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Business Structure

The course designed for tax professionals and service bureaus provides comprehensive guidance on obtaining essential identification numbers required for tax-related operations.
Instructor
Nicole Banks
Category Courses
5 students enrolled
  • Description
  • Curriculum

The course designed for tax professionals and service bureaus provides comprehensive guidance on obtaining essential identification numbers required for tax-related operations. It covers the process of obtaining an Employer Identification Number (EIN), which involves applying through the IRS using their online application, fax, mail, or phone for international applicants.

The course also explains how to secure a Preparer Tax Identification Number (PTIN), necessary for anyone who prepares or assists in preparing federal tax returns for compensation, by registering through the IRS PTIN system. Additionally, it details the steps to obtain an Electronic Filing Identification Number (EFIN), which allows tax professionals to become authorized IRS e-file providers by submitting an application through the IRS e-Services portal, passing a suitability check, and meeting other IRS requirements.

This course ensures that participants are well-versed in the application processes and regulatory compliance necessary to operate efficiently and legally in the tax preparation industry.

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