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Answer» What is Institute for Professionals in Taxation mean? The Institute for Professionals in Taxation, or IPT, is a non-profit educational association based in the United States and Canada. It serves over 4,400 members representing approximately 1,450 corporations, firms, or taxpayers. Membership in IPT is limited to taxpayers only; government officials or organizations do not qualify for membership. IPT provides professional designation programs in income, property and sales tax leading to the IPT-developed Certified Member of the Institute ("CMI") designation. IPT also offers a general ethics program based on a Code of Ethics and Standards of Professional Conduct. IPT members consist of business and industry sectors of various sizes, from small businesses to Fortune 500 companies. reference
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