EFIN application – apply in October to start tax preparation business in 2024

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In this video, Kat, a CPA and tax preparer with over 12 years of experience, provides a comprehensive guide on starting a tax preparation business. She emphasizes the importance of obtaining an IRS EFIN (Electronic Filing Identification Number) for e-filing tax returns and explains the difference between an EFIN and a PTIN (Preparer Tax Identification Number). Kat offers a step-by-step guide on applying for an EFIN online, discusses necessary tools and software, and shares strategies for attracting clients. She also announces an upcoming course to help individuals become tax preparers, even without prior experience.


Introduction to EFIN (00:00:00)
Kat introduces the topic of obtaining an IRS EFIN and its importance for tax preparation businesses.

Overview of Tax Preparation (00:01:09)
Discussion on tools, software, and strategies to attract clients for a tax preparation business.

Understanding EFIN and PTIN (00:02:08)
Explanation of the differences between EFIN and PTIN, and why EFIN is necessary for e-filing.

Steps to Obtain EFIN (00:03:29)
Kat outlines the three main steps to apply for an EFIN online.

Applying for EFIN Online (00:04:30)
A walkthrough of the online application process for obtaining an EFIN.

Alternative Application Methods (00:07:05)
Discussion on mailing the application versus applying online for EFIN.

Filling Out the Application (00:08:13)
Detailed guidance on the information required to complete the EFIN application.

Technical Issues During Application (00:10:45)
Kat shares her experience with technical problems while filling out the application online.

Final Steps in Application (00:13:00)
Instructions on completing the application and ensuring all details are correct.

Conclusion and Next Steps (00:15:00)
Encouragement for listeners to start their tax preparation business and information about Kat's upcoming course.

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