If you have a complex return — say, because you own a small business and/or one with lots of schedules — and really do not understand what your tax preparer did, have that professional handle it and appear before the IRS for you. Not just anyone can represent you, so you should ask...
“AN ID NUMBER WILL BE MANDATORY for all those preparing tax returns,” Shulman recently said in his testimony before the House Ways and Means Committee. “We call the identification number a PTIN, which means, Preparer Tax Identification Number. We hope to get the PTINs up and running ...