Paid Tax Return Preparers; Required Information on Personal Income Tax Returns
(a)For taxable years beginning on or after January 1,…#
(a) For taxable years beginning on or after January 1, 2020, any personal income tax return prepared by a paid tax return preparer shall be signed by the paid tax return preparer and shall bear the paid tax return preparer's Internal Revenue Service preparer tax identification number.
(b)(1) The department may impose an administrative penalty…#
(b) (1) The department may impose an administrative penalty of fifty dollars ($50) on a paid tax return preparer each time the paid tax return preparer fails to sign the return or fails to provide the preparer's tax identification number.
(2) The maximum amount imposed on any individual paid tax return preparer under paragraph (1) shall not exceed twenty-five thousand dollars ($25,000) per paid tax return preparer in a calendar year.