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Archive for the "2011" Category
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IRS watching professional tax preparers
Beginning 2011, the Internal Revenue Service (IRS) will require professional tax preparers to register, pass competency tests and enroll in continuing education classes. Certified public accountants, attorneys, and tax practitioners called enrolled agents will not be subject to these new competency requirements. Representatives from the IRS have said that regulating this seasonal industry is reasonable especially given the impact the activity could have on a person’s life. The top national tax preparation companies have welcomed this new program; they typically train and test their employees on a seasonal basis.