The IRS just cut the fee for tax preparers by one dollar
What happened
The US Treasury Department and the IRS are reducing the fee for tax preparers to get or renew their identification numbers. The fee will drop from $11 to $10.
Why it matters
This is a tiny change in a mandatory fee for a large group of professionals. It shows how the IRS views the cost of administering this program. The fee covers the cost of the system, not a revenue stream.
The signal
Watch for any future adjustments to this fee, which would indicate a change in the IRS's cost of running the PTIN program.