IRS Registration for Tax Preparers a Good Move


There are an estimated 1.2 million tax preparers in this country but until now, no significant monitoring system is in place to regulate their activities and maintain standards. Presently, anyone can prepare tax returns for someone else and charge a fee. Although there are provisions for tax preparers to be licensed in their respective states and be authorized to practice before the IRS, there has never been a mandatory requirement to formally regulate the tax preparation industry. For example, there is no official proficiency examination tax preparers are necessitated to sit for. Yet the tax code is highly complex (which is why engaging tax preparers is such a common practice).

In what is largely seen as a laudable move, the IRS has proposed guidelines to regulate tax preparers to ensure strict compliance with industry standards and reduce fraud.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.