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One of the biggest steps you can take toward building a real tax business is obtaining your own EFIN (Electronic Filing Identification Number). An EFIN allows you to become an IRS Authorized e-File Provider, meaning you can file tax returns directly with the IRS under your own business instead of waiting for someone else to review and transmit them. Right now many of you are preparing returns and waiting on me to review and e-file them. When you have your own EFIN, that changes everything. You control when returns are filed, your prep fees go directly to you, and you don’t have to wait for Friday payroll runs. It also allows you to grow a team of preparers under your EFIN, meaning you can earn additional revenue from every return filed through your office. ----------------------------------------------------------------------------------------------------------------- Benefits of Having Your Own EFIN ⚡ Become an IRS Authorized e-File Provider = File tax returns directly with the IRS. 🚀 No Waiting for Reviews = You control when returns are transmitted. 💰 Prep Fees Go Directly to You = No waiting for someone else to run payroll. 👥 Grow Your Team = Add preparers under your EFIN. 📨 Earn E-File Fees = You collect the e-file fee on every return filed through your office. 🏢 Build Your Own Tax Business = Operate independently and scale your operation. Example of the Revenue Difference Let’s compare a new tax preparer using only a PTIN vs operating with their own EFIN. PTIN Only (Typical First-Year Tax Pro) 📊 Average: 25 returns per year 25 clients × $300 prep fee= $7,500 That’s the total revenue. ----------------------------------------------------------------------------------------------------------------- With Your Own EFIN Year 1 25 clients × $300 prep fee = $7,50025 returns × $58 e-file fee = $1,450 💰 Year 1 Total = $8,950 Year 2 (Client Growth) Your original 25 clients - 25 new clients 50 clients × $300 prep fee = $15,000 50 returns × $58 e-file fee = $2,900

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