Daily Tax Update - June 5, 2012: IRS Marks Third Anniversary of Return Preparer Review

IRS MARKS THIRD ANNIVERSARY OF RETURN PREPARER REVIEW:  Today is the third anniversary of the IRS return preparer initiative and the agency urged those paid tax return preparers required to pass a new competency test to take the test as soon as possible.  According to the IRS, "To date, over 4,800 people have become Registered Tax Return Preparers.  Beginning in 2014, only Registered Tax Return Preparers, Enrolled Agents, Certified Public Accountants, and attorneys will be authorized to prepare individual income tax returns for compensation."  The IRS said that it also plans create a publicly searchable database that will allow taxpayers to see if their tax preparers have met IRS standards or to find a tax preparer in their zip code area.

  • The RTRP (Registered Tax Return Preparers) competency test is available at more than 260 vendor testing centers nationwide. Preparers can determine if they have a test requirement by going to their online PTIN Account at http://www.irs.gov/ptin.  Preparers also can set a test date, time and location through their online PTIN Account.  More information about the test, its topics, a tutorial and list of study materials is available at www.irs.gov/taxpros/tests and select RTRP test.


S.3257:  A bill to amend the Internal Revenue Code of 1986 to prohibit the use of public funds for political party conventions, as well as to provide for the return of previously distributed funds for deficit reduction.
Sponsor:  Sen Coburn, Tom [OK] (introduced 6/4/2012)      Cosponsors (2)
Latest Major Action:  6/4/2012 Referred to Senate committee. Status:  Read twice and referred to the Committee on Rules and Administration.

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