Staying organized and efficient in managing your clients’ tax returns is crucial. One effective way to achieve this is by applying for an Electronic Filing Identification Number (EFIN) from the IRS. In this article, we’ll guide you through the process of applying for an EFIN, the benefits it offers to your practice, and how it can enhance your workflow. By obtaining an EFIN, you’ll not only streamline your operations but also demonstrate your commitment to providing secure and reliable services to your clients. Dive into the world of how to apply for an EFIN and discover how this simple step can transform your tax practice for the better.
The last thing most tax pros want to do after April 15th is show up for work. Go ahead. Take a day or two off and reward yourself for your hard work during tax season. But if you take too much time, you might be missing out on a way to clean up the mess after tax season.
Mess? What mess?
We’re talking about the mess left in the wake of IRS notices—that incidentally don’t stop filling mailboxes during tax season.
That’s right. The IRS doesn’t sit back and say, “Let’s give these guys a break until after April 15th.” Nope. They continue to process delinquencies, liens, and levies year round. You’re going to lose your spot on the go-to list if you’re not around to respond to taxpayers’ concerns.
When is the best time to promote your tax resolution services? Never stop—promote year round.
Are you just getting started? Is this the first season for your tax preparation business?
Before you open your doors to welcome new clients, here are a few steps you will need to take to legitimize your credentials.
Apply for an EFIN
Applying for an IRS Electronic Filing Identification Number (EFIN) will permit you to file tax returns. There are three phases to this process:
1) Create an IRS E-services Account.
2) Submit your Application.
Upon approval, you’ll be able to log into your account and fill out an online application to become an IRS e-file provider.
3) Pass a Suitability Check.
This may include a credit check, a tax compliance check, and a criminal background check. NOTE: Prior non-compliance with the IRS may be an issue.
Once you’ve completed the process and are approved by the IRS, they’ll send an acceptance letter informing you. It’ll include your EFIN.
Next Steps
Whether you’re new to the tax preparation business or not, education is vital. Learning about tax preparation is only a part of the quotient. If you want your business to thrive, be sure to learn about tax resolution and other IRS dealings. IRS Solutions will help.
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