For the majority of Americans the US tax system is very complicated. We don’t want to spend days and nights calculating taxes, completing declarations and trying not to lose our temper and mind. But if you have a knack for numbers and like solving financial puzzles, can work under pressure and you are ready to fill in a tax form on the eve of the due date – you might be interested in becoming a paid tax preparer. Working as a tax preparer has lots of advantages. Think it over: the taxpayers usually need consulting services only during the tax season. Tax preparers don’t have to pull all-nighters every day. After the 15th of April they have plenty of time and money for vacation, self-development and relaxing. So, how do the paid tax preparers start out?
Before dealing with tax returns all tax specialists must get a preparer tax identification number (PTIN) from the IRS. They can easily obtain a PTIN by completing IRS Form W-12, Paid Preparer Tax Identification Number Application and Renewal. The tax preparers usually save time and file the form with the IRS electronically.
In this blog post we’ll show you how to fill out the application entirely online with PDFfiller, skipping the time-consuming printing and scanning steps.
Any paid tax return preparer must apply for and receive a preparer tax identification number (PTIN). The PTIN must be renewed annually. A tax return preparer is any individual who is compensated for preparing or assisting in the preparation of all of a tax return or claim for refund of tax.
Now when you are sure that you have to complete Form W-12, it’s time to find how to do this.
How to Fill Out Form W-12 Online:
You can quickly find Form W-12 using the PDFfiller Search Engine. Go to MY DOCS in your PDFfiller account, click Add New Document and open the Search for Documents tab. Enter the name of the form and click the Search button.
Before opening the form, you can watch a video tutorial and read a short description that will help you complete the form.
Now you just need to select the required document from the search result (Form W-12 or Instructions) and click Fill online.
This will open Form W-12 in the PDFfiller online editor.
Use all the powerful PDFfiller editing tools to neatly fill in Form W-12. Click anywhere on the document and start typing. Choose the type and size of the font, avoid mistakes with the Spelling tool, add images and checkmarks if needed.
The document contains smart fillable fields. These fields will guide you through the form and make completing it fast and easy. Click Next to move to the next field.
You can always check how many fields are left by clicking on the fillable Wizard tool in the top panel.
Click anywhere on the document and start typing.
Block 1. Type in your full name and current PTIN (if you already have one). Here you also need to indicate the purpose of the application: initial or renewal.
Block 2. Check whether you want the PTIN to be valid for the current calendar year or the next calendar year.
Block 3. Indicate your SSN and date of birth.
Block 4, 5 and 6. Type in your personal and business mailing address, phone number and email.
Block 7. Provide information about felony convictions.
Block 8 and 9. Type in the details of your last U.S. individual income tax return filed with the IRS (these blocks are applicable only for an initial application).
Block 10. Provide information about preparation of Form 1040 (skip this block if you are an attorney, public accountant or enrolled agent).
Block 11. Certify that you comply with your tax obligations.
Block 12. Check all the appropriate boxes that apply to your professional skills.
The hardest part of the job is done. Your Form W-12 looks neat and you still have the strength to go to the end. And the end is near. Just two more steps are ahead: signature and date.
With PDFfiller’s Signature Wizard it will take you only minute to add a legally binding signature using your smartphone, keyboard, mouse or webcam. Customize the signature according to your needs and save it for future use.
To add the current date, move to the date field. It will be added automatically.
Finally, the last step of our completion quest: submission. Click DONE to save all your edits and choose what you want to do with Form W-12 next.
To view the completed form got to MY DOCS.
This step-by-step instruction shows that with PDFfiller any tax advisor, taxpayer or other professional can complete and manage their documents without additional effort and time.
Visit our website to learn more about other PDFfiller’s features.
Managing a project can turn out to be an overwhelming task especially for newcomers in the construction industry. It becomes even harder if you don’t have the right tools to help you out. Industry veterans have all the inside knowledge on how to launch and complete a successful project. But every problem has a solution. All you have to do is find the right project management software and you will be able to launch a successful construction project and have it completed on schedule.
By now, you might think that choosing the right project management tool can be very tough. But there is no need to worry! We’ve compiled some research and are happy to present you with the most important features that you should always look for before selecting project management software.
Here are a few tips to help you choose the right project solution:
The first feature that you should invest your attention in is the type of solution you need. Project management tools come in 3 tiers: low end, midrange, and high end project solutions. Each is determined by the size of your project and budget.
Low-end solutions are best suited for small businesses that have limited needs. These products come with limited functionalities as compared to mid-range and high-end solutions and are normally hosted online.
Midrange solutions have robust features that give the project manager more control. This solution can range anywhere from $2,500 to $30,000 and can be based either on-site or web-based.
High End Solutions are best suited for bigwig corporations that have multiple offices in different areas and need linking. These systems work best for the company’s executive management and can cost $50,000+.
Determine the right tier for your project to get full benefits at the right cost.
You need a stable and reliable solution if you are considering a high end or midrange solution. Knowing more about the service provider and the platform hosting the solution is vital especially if your project is going to last for several years. The platform should be flexible enough to accommodate changes in case the project scope shifts in the future. This flexibility is vital, especially for big projects.
The solution should give you flexibility when it comes to scheduling dates for the project. Most low-end solutions have hard coded dates that might not be suitable for some projects. With a smart intelligent feature, you can reset project dates while all other scheduled tasks on the calendar re-adjust themselves.
There are a few problems you might encounter with this feature from the solution provider. Some of the problems that bring headache to most project owners include the service provider requiring you to purchase an add-on for the MS project import and export on your end, expecting you to eat the cost for the feature, importing/exporting the right data and its relationships. The best way to avoid encountering this headache is by asking the solution provider for clarification prior to purchasing their services.
If your project includes many members with different roles, then the system should have the capabilities to classify them and give different levels of access to each.
The Multi-role feature enables the project manager to assign different posts to individuals on the system.
The Multi-level feature enables the project manager to give access permissions to different people e.g. viewing of classified documents.
Some project solutions come with pre-set navigation which can hinder your efforts to modify navigation to some folders. You need to have a solution that gives you access to change/edit/modify some features to match with your project’s needs.
Most times, you will find that tasks within the project follow the same path. Instead of having to create different templates for each task, your project solution should allow you to create similar templates for similar tasks which saves time. In that way, you get rid of the painful busy work and you can focus on the more vital aspects of your project. Undoubtedly, a great boost for your project’s efficiency!
The project solution you settle for should give you the power to customize features depending on your current situation. There are times you find your project needs shifting and thus you will need to customize a few things in the system. For this purpose, it’s of tremendous importance to have the flexibility of adjusting your project according to your current needs with no extra fuss.
Getting everyone in your project working on new software can be truly challenging, given the fact that some people are more technologically savvy as others. That’s why it’s extremely important to choose a project management software that will provide you with a trustworthy and helpful onboarding solution. Before you make any choice explore your possibilities thoroughly and choose a company that is most determined to assist you after purchasing their product.
As a continuation of the previous feature, it is indispensable to use a project management software that can offer you quick and effective support 24/7. Tough situations may emerge at any possible moment and for that reason you need to feel secure and protect your project from potentially damaging situations. This becomes even more crucial in cases where your construction company is operating in different areas around the globe and where there is a significant time difference.
There are different types of solutions and solution providers in the market. Getting the right product is key for the success of your business and the project that you are working on. Thus, put emphasis on the tools that you use for work to avoid any setbacks that might delay project completion. You can choose between SaaS or on-site solutions depending on your needs and budget.
About the author: Anastasios Koutsogiannis is marketing coordinator in GenieBelt, a construction project management company that is based in Copenhagen, Denmark.