Tagged: tax preparer regulation

Photo overlook of the hearing room for the Senate Finance Committee just before proceedings began.

Senate Finance Committee to Consider Bill Authorizing IRS to Regulate Tax Preparers

The Senate Finance Committee will hold a session Wednesday to markup an original bill intended to combat identity theft and tax return fraud. The bill comes in light of the recent events where identify theft had been successfully committed using taxpayer records available via an online service of the Internal Revenue Service. The session will be held Wednesday, September 16th...

Photo overlook of the hearing room for the Senate Finance Committee just before proceedings began.

Bill Authorizing IRS to Regulate Tax Preparers is introduced in Senate Finance Committee

Senator Ron Wyden (D-OR), Ranking Member and former Chair of the Senate Finance Committee recently introduced a bill, S. 137, dubbed the “Taxpayer Protection and Preparer Proficiency Act of 2015”, which would authorize the Internal Revenue Service to regulate tax preparers in apparent override of the Loving v. IRS case that shut down the RTRP initiative of the Internal Revenue...

Picture of pillars outside a court building.

New York Begins Continuing Education Requirements for Tax Preparers

New York, the fourth state to effectively regulate tax preparers who professional prepare returns in-state, has implemented “Phase 2” of their new regulations by initiating new requirements for certain tax preparers to complete continuing education annually.[1] According to the New York Department of Taxation and Finance, tax preparers in the state of New York prepare approximately 70% of the more...

Photo taken from outside the IRS building in Washington, D.C. 0

D.C. Court Dismisses AICPA v. IRS – The AFSP Program Moves Forward Unscathed

Washington D.C. (October 27, 2014) – The Washington D.C. federal circuit court dismissed the AICPA’s lawsuit against the IRS that sought to invalidate the IRS’s new Annual Filing Season Program. The court ruled favorably on the IRS’s motion to dismiss the suit based on the AICPA’s lack of standing, a result that is consistent with this outlet’s previous analysis of...

Closeup of IRS signage near an entrance to the IRS building in Washington, D.C. 0

Annual Federal Tax Refresher Courses Under Audit by IRS Tax Preparer Office

Washington D.C. – The Internal Revenue Service indicated that it will be auditing all Annual Federal Tax Refresher (or AFTR) courses that are being provided as a required element of its new Annual Filing Season Program (AFSP) for all non-exempt tax professionals seeking to participate in the program.  An AFTR course must include six hours of continuing education content of topics...