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IRS Ruling Related to Tax Return Preparers

On Friday, January 18, 2013, the United States District Court for the District of Columbia halted the IRS from regulating and enforcing requirements for registered tax return preparers. As a result, competency testing and continuing education guidelines are no longer mandatory for these individuals. However, this ruling does not affect the requirements set forth for CPAs, attorneys, enrolled agents, enrolled retirement plan agents or enrolled actuaries.
In light of these new circumstances, it is a matter of prime importance to carefully consider the agency/preparer to whom you trust to prepare your tax returns. In an environment of constant change, not requiring continuing education may imply that many registered tax preparers will not be aware of tax codes that can greatly affect a taxpayer’s deductions as well as compliance with current tax laws.
Our firm is proud to have Certified Public Accountants who meet all of the competency and continuing education requirements. We view these guidelines not just as “requirements” but as beneficial assets to help us better serve our business and individual clients.

For more information, please visit the IRS website
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