Date: September 15, 2011
The Internal Revenue Service has selected Kinsail Corporation, a small hub-zone business, as the vendor to administer application and renewal services for Continuing Education Providers that serve Registered Tax Return Preparers, Enrolled Agents, and Enrolled Retirement Plan Agents.
The continuing education program is the third phase of increased IRS oversight of federal tax return preparers, as outlined in the Return Preparer Review issued on Jan. 4, 2010. Mandatory registration and issuance of Preparer Tax Identification Numbers (PTINs), which began in Sept. 2010, is the first phase, and testing and fingerprinting of preparers, scheduled to begin later this year, is the second phase. Per Circular 230 regulations published earlier this year, Registered Tax Return Preparers must obtain 15 hours of continuing education on an annual basis. The requirement is expected to start in calendar year 2012.
The Continuing Education vendor will be responsible for administrative processing of applications and renewals from education providers, maintaining a public listing of all approved providers, and collecting course completion information from providers by PTIN to provide to the IRS through a single source. The IRS will maintain full oversight of approving and reviewing providers.