FAQ's
Do I need an EFIN to buy tax software?
Yes, you need an EFIN to purchase tax software that allows e-filing.
Do I need an EFIN to prepare taxes?
No, you only need a PTIN to prepare taxes. However, you need an EFIN to e-file returns unless you work under a tax office. ATP Tax Business Academy can help you obtain your EFIN.
How is an EFIN different from an EIN?
An EFIN is for e-filing tax returns, while an Employer Identification Number (EIN) is used for business identification.
What software and tools are essential for tax preparation?
Accurate Tax Pro Online tax preparation software is essential, including secure client communication tools. ATP Tax Business Academy provides all necessary tools to start and/or grow your tax business at a fraction of the cost.
Do I need to take continuing education courses as a tax preparer?
While not mandatory at the federal level, continuing education is vital for staying current with tax laws and regulations.
What credentials do I need to prepare taxes?
You need a Preparer Tax Identification Number (PTIN) to prepare and file income tax returns on behalf of others. This ensures you meet IRS suitability requirements.
Do I need a PTIN to prepare taxes?
Yes, all compensated tax preparers must have a PTIN to prepare or assist with federal tax returns.
How do I get a PTIN?
You can apply for a PTIN online through the IRS website. The process takes about 15 minutes and involves providing personal information, answering questions, and paying a fee. Apply here.
What is an EFIN?
An Electronic Filing Identification Number (EFIN) is required for tax preparers to e-file returns for clients. It indicates that you’re authorized by the IRS to e-file.
Why is an EFIN important?
An EFIN shows that you’ve passed the IRS suitability check and comply with e-filing requirements.