Renew yours soon: it's PTIN renewal time.

• Position: IRS NEWS

The IRS announced that the nation's 738.000 tax return preparers who have Preparer Tax Identification Numbers can now renew their PTINs for the 2012 filing season. Preparers are required to renew their PTINs annually--and must do so before the next year begins. For example, a preparer's PTIN for 2012 must be renewed by Dec. 31, 2011. Anyone who--for compensation--prepares, or helps prepare, all, or substantially all, of tax returns or claims for refunds must have a PTIN. Paid return preparers must have valid, current...