More than 149 million individual returns were filed last year and over 83 million of those were prepared by a paid return preparer
He continued by noting that tax preparers
, along with CPAs and tax attorneys, who abrogate their ethical responsibility to that system in favor of helping clients evade tax--"the most unpatriotic thing I can think of'--are coming under closer scrutiny from the IRS, which "more and more is realizing that one bad preparer
could be worse than 100 bad taxpayers.
The paper cites a state proposal in Ohio, for instance, which would require tax preparers
to include a standardized disclosure box listing the cost of services for particular tax forms and any fees.
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.
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.
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.
After consideration of the comment, the Treasury Department and the I RS continue to include appraisers in the definition of both signing and non-signing preparers
, thereby providing the IRS with discretion to impose the section 6694 [and other] penalties in the alternative against an appraiser depending on the facts and circumstances of the appraiser's conduct.
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.