Diane Freda recently published an article CPAs Blitz IRS with Letters for Relief from Proposed Tax Preparer Rules on BNA Software on November 3, 2010.
The Internal Revenue Service Nov. 2 released a raft of comment letters it received from certified public accountants following an Aug. 23 hearing on proposed user fee rules (REG-139343-08) for tax preparers, again urging IRS to exempt employees of CPA firms from registration and testing requirements. The letters also said IRS should postpone testing until the agency sees whether registration alone will improve standards. In addition, CPAs are already regulated by state boards of accountancy and Circular 230, Kassouf said. However, IRS has stuck to its plan to require all the supervised employees to register with IRS.
The Internal Revenue Service Nov. 2 released a raft of comment letters it received from certified public accountants following an Aug. 23 hearing on proposed user fee rules (REG-139343-08) for tax preparers, again urging IRS to exempt employees of CPA firms from registration and testing requirements. The letters also said IRS should postpone testing until the agency sees whether registration alone will improve standards. In addition, CPAs are already regulated by state boards of accountancy and Circular 230, Kassouf said. However, IRS has stuck to its plan to require all the supervised employees to register with IRS.
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Posted by Yi Song, Associate Editor, Wealth Strategies Journal.
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