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Concerns Regarding IRS Proposal to Regulate Tax Return Preparers

More than 30 members of the U.S. House of Representatives sent a bipartisan letter to Treasury Secretary Timothy F. Geithner urging changes in the IRS’s proposed plan to regulate paid income tax return preparers. The House lawmakers are asking the Treasury and IRS to exempt non-signing tax preparers—employees of CPA firms who prepare returns but do not sign them—from onerous registration requirements. Lawmakers are also asking for a delay and more study of an IRS proposal to create a nationwide examination of tax preparers.

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This entry was posted on Tuesday, August 17th, 2010 at 1:57 pm and is filed under CalCPA Buzz. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Markcpa52

Why shouldn't tax preparers who sign returns be held to the same standards as CPAs? An examination should be required to sign the returns to demonstrate thier level of knowledge.
Eoharrisoncpa

You prepare it…..you should sign it. Transparency. No need to delay this regulation. Tax preparers' abuse has gone on for too long.