Yes, you read that correctly. The Journal of Accountancy reports that the IRS plans to start fingerprinting thousands of tax preparers as part of its oversight program and run the fingerprints through an FBI database: The IRS released more details on its tax preparer oversight program on Wednesday, and said registered tax return preparers would now be [...]
Tags: Announcements · IRS procedure · News · Regulation of Tax Preparers
I have no quarrel with people who don’t participate in social media. It’s not for everyone. I do, however, have a problem with someone who eschews social media and then accuses others of being mental midgets for not doing the same. You probably know who I’m talking about. You guessed it: The Maestro. The very same fellow who has lambasted the [...]
Tags: Opinion · Regulation of Tax Preparers
WebCPA reports that Congress is having hearings on IRS oversight of tax preparers. David Rothstein, a research fellow at the New America Foundation, testified on behalf of the think tank as well as the National Community Tax Coalition and Policy Matters Ohio: The data from this past tax filing season confirms that an extremely high [...]
Tags: News · Regulation of Tax Preparers
My friend and fellow tax blogger Knox Marlow in a recent post titled Get a Real Job says that tax professionals have no “real” value to society: What value do tax professionals add to the “commercial matrix” of development, finance, production and marketing? The answer may bruise the egos of practitioners and academics from both sides of the political spectrum. The [...]
Tags: Opinion · Regulation of Tax Preparers · Tax Policy
Joe Kristan, a very vocal opponent of IRS regulation of tax preparers, wrote this today on his blog: From the Memphis Commercial Appeal: A Memphis woman who admitted to preparing bogus income tax returns has been sentenced to 22 months in federal prison. Cassandra Jordan, 46, also must make $75,000 in restitution to the Internal [...]
Tags: Regulation of Tax Preparers
CPA tax blogger Joe Kristan has written a rejoinder to Wandering Tax Pro Robert Flach, our favorite non-CPA, non-Enrolled Agent, non-lawyer, non-anything-that-requires-licensing-testing-and-accountability tax preparer: Robert D. Flach has put up another one of his occasional posts where he beats up on my profession: Don’t assume that because a person has the initials “CPA” after his name he [...]
Tags: Business advice · Individual Taxation · Regulation of Tax Preparers
Paul Bonner of The Journal of Accountancy reports that IRS Commissioner Doug Shulman said the Service would probably provide relief from proposed testing and continuing education requirements for nonsigning tax preparers working under the supervision of a CPA or other federally authorized tax practitioners, such as an attorney or enrolled agent, in a CPA or other [...]
Tags: News · Regulation of Tax Preparers
