2/11/14), which held that the IRS does not have statutory authority to regulate tax return preparers
, IRS Commissioner John Koskinen indicated that, while the IRS might look to Congress to give it authority to regulate return preparers
, he was also considering a "voluntary certification" program.
The testimony was heard from IRS commissioner John Koskinen, National Taxpayer Advocate Nina Olson, an official with the Government Accountability Office, tax preparers
and advocates throughout the country, as well as the lawyer who represented the tax preparers
whose lawsuit brought the IRS's tax preparer
regulatory program to an end.
6694 provides penalty standards for paid preparers
who take unreasonable positions or intentionally prepare inaccurate tax returns.
Although professional tax preparers
are required to sign your tax return to show proof of work, it is still you, the taxpayer, who is ultimately responsible for all information listed on the tax return--no matter if it is right, wrong or even fraudulent.
com, the first online searchable database of over 700,000 federally PTIN registered tax preparers
The National Association of Tax Professionals (NATP), a group representing 20,500 credentialed and noncredentialed preparers
alike, voiced concern that the Service's decision to exempt employees of CPAs, attorneys and enrolled agents would give a competitive advantage to those credentialed firms over their registered preparer
who obtained their PTINs by creating an online account should renew their PTINs online at www.
IRS has implemented a registration requirement for paid preparers
that includes obtaining a preparer
tax identification number (PTIN) and plans to implement competency testing and continuing education requirements.
In addition, we are taking immediate action to step up oversight of tax preparers
this filing season.
If we can get the paid tax preparers
to do it right, it makes our job easier," said IRS Commissioner Douglas Shulman in a conference call with reporters yesterday.
The provision was redirected away from "the negligent or intentional disregard of rules and regulations" and refocused on reducing the range of ambiguity within which tax preparers
could legally operate.
A registered tax preparer
is certificated by the California Tax Education Council.