IRS Moves to Register Tax Preparers


The plan to regulate the thousands of tax preparers in the country is underway. The IRS has prepared and implemented proposals in the IRS Return Preparer Review, a report evaluating the tax preparing industry. Among the proposals were to register every tax preparer, administer examinations for tax preparers to ensure competency, tri-annual renewal of tax preparer licenses etc. The implementation phase of the entire system is expected to take three years.

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