IRS owes preparers partial refunds of PTIN fees!

[TaxCPANY]

Per Tax Adviser, 2/27/23:  https://www.thetaxadviser.com/news/2023/feb/district-court-holds-irs-owes-tax-preparers-partial-refund-of-ptin-fees.html

 

IRS owes tax preparers PTIN partial refunds.pdf

[Lee B]

I am sure the IRS will appeal this. It will be in court system forever.

[BulldogTom]

Will we get interest?   And a 1099INT?   And a 1099MISC?

Tom
Longview, TX

[Catherine]

We'll each get back thirty-five cents per year involved. Reportable as income. Pardon me for not holding my breath.

[Lee B]

It would be a taxable refund. It wouldn't bother me if I didn't receive a penny. It wasn't that much anyway.

[BulldogTom]

IRS will put 87,000 new employees on the task of determining how much they owe us, and charge their time in the cost of running the program and send us all a bill....   

OK, that is stupid, but I thought it was funny before I actually typed the sentence.

Tom
Longview, TX

[Abby Normal]

I look forward to buying a gas station coffee with my refund... or a small box of mints.

[mcb39]

This happened once before.  I don't believe it would be taxable because it was paid for with after tax dollars.  However, I don't know and I don't care.  Give it to a worthy Charity and call it the "Great Tax Preparers' Donation Act".

[Lee B]

It would be taxable to me because I deducted the fee on my business tax return.

[Terry D EA]

Yeah me too. Like others, I don't care as it is not enough money to worry about. However, I did not like the $149.00 or whatever it was to renew my EA. I want to know what the IRS does for EA's that whatever the service is costs that much. That fee was more than double the fee a year or two ago. My first year was $67.00.