IRS Moves to Register Tax Preparers

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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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