Tax News - May 17, 2010


H&R Block’s Three Recommendations to IRS

The tax preparer H&R Block has issued a press statement in which it strongly endorses the IRS move to regulate the tax preparing industry by enforcing measures such as registration of tax preparers, mandating proficiency examinations and continuing education.

The firm believes that such a move to be implemented over three years will ensure greater professionalism, integrity and accountability among the thousands of tax preparers in the country. Consequently, the taxpayers will benefit by getting more knowledgeable, skilled and ethical service from those who prepare their tax returns. As a result, there would be fewer audits and a lower rate of errors.

H&R Block, one of the world’s leading tax preparing firms for over 55 years, has said that it is eager to work with the IRS to ensure a smooth and fair implementation of these new regulations. As such, the firm has made three proposals to the IRS...

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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.

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