Tax Return Preparers Upset Over Proposed IRS Regulations

The American Institute of Certified Public Accountants (AICPA) is opposed to proposed legislation to give the Internal Revenue Service (IRS) more power to regulate tax return preparers. The Tax Return Preparer Act “would require professional tax return preparers to submit to background checks and take examinations and continuing-education classes.” Some members of congress have expressed concerns about giving the IRS more authority to regulate tax preparers. The AICPA has proposed its own alternative legislation that would include an IRS enacted testing and education program that would only apply to tax preparers that are not licensed in their states. There will likely be more updates about this proposed legislation in the future as it works its way through congress.

See Naomi Jagoda, Tax preparers revolt over IRS regulations, The Hill, December 7, 2015.