In announcing the launch of the program, called the Annual Filing Season Program, Koskinen said the program "will give unenrolled return preparers
a way to stay to up to date on tax laws and changes, which we believe will improve service to taxpayers.
Senate Finance Committee chairman Ron Wyden, D-Ore, said : "Taxpayers today face a double burden: crooked or incompetent tax preparers
, along with an overgrown and complicated tax code.
Based on those eight cases, TIGTA estimated that preparers
in 191 cases closed for fiscal years 2009 through 2011 may have been improperly assessed $454,643 in penalties.
The problem is unscrupulous tax preparers
only care about taking your money.
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245) NATP suggests the side effects will be especially onerous in remote or rural locations, which may have only one or a few paid preparers
and concludes that "putting practitioners out of business with high costs does nothing to further the effectiveness of the tax system.
Recommendation: The Commissioner of Internal Revenue should document a strategic framework showing how IRS intends to use the paid preparer
requirements to improve taxpayer compliance and assess their effectiveness.
Require that all paid tax return preparers
register with the IRS and obtain a preparer
tax identification number.
Following a six-month review of the paid tax preparer
industry, the IRS is drawing up regulatory requirements that will have paid preparers
register with the IRS and pay a user fee, and make preparer
tax identification numbers mandatory.
The accuracy related penalties were rewritten to be more inclusive and now apply to all types of tax return preparers
, not just preparers
of income tax returns.
To find a qualified tax preparer
, call a practitioner and ask:
2) The ANPR would amend the current Treasury Regulations to subject tax return preparers
) to criminal penalties for knowingly disclosing tax return information to lenders to help taxpayers obtain RALs, even when the taxpayer consents to the disclosure.
Congress saw fit last year to change the rules that relate to potential penalties imposed on preparers
of tax returns.
may only represent taxpayers for the audits of the returns they prepared," she says.
31 issued interim guidance for tax preparers
to provide temporary relief from potential penalties under the "more likely than not" (MLTN) tax reporting standards.