WebCPA reports that taxpayers want their tax preparers to meet prescribed ethical and core competency standards:
Taxpayers’ opinions of tax preparers seem to chime with the Internal Revenue Service’s plans to require tax preparers to meet competency and ethical standards, according to a new report by the IRS Oversight Board.
In the report, 78 percent of those surveyed indicate that it is “very important” that tax preparers meet standards of “ethical behavior,” while 73 percent believe it is very important that preparers meet competency standards. The numbers are in line with findings from the board’s 2008 survey.
Anyone who reads this blog knows that I am in favor of IRS regulation of tax preparers. Licensing and regulation is a good thing for the consumer as well as the competent tax preparer.
Having said that, taxpayers who demand higher standards from their tax preparers must now be prepared to pay higher fees for tax preparation in the future.
1 response so far ↓
1 Unenrolled Tax Preparer: Preparer Regulation is a CPA Plot to Put Me Out of Business // May 19, 2010 at 3:28 pm
[...] Taxpayers Want Preparers to Meet Ethical and Competency Standards [...]
Leave a Comment