The Income Tax School
Richmond, VA – October 15, 2008
The Income Tax School (ITS) has become licensed as a private career school by the Oregon Department of Education and announced the debut of an online version of its Comprehensive Income Tax Course approval by the Oregon Board of Tax Practitioners to meet Oregon tax preparer licensing requirements, according to Charles E. McCabe, President & CEO.
Peoples has been approved since 2002 by the California Tax Education Council (CTEC) as a Provider of Qualifying and Continuing Education courses (both contact and correspondence format), required for tax preparers to become licensed and to continue to practice in California.
California and Oregon are the only states in the Nation that require tax preparers to be licensed and meet professional education requirements. However a tax preparer licensing law was enacted this year by Maryland and will be implemented next year, while at least a half-dozen other states are contemplating such legislation. Federal legislation to regulate tax preparers has also been introduced to Congress annually for several years and is expected to pass in the next year or two. Federal preparer regulation will require the IRS to license tax preparers nationwide.
The Income Tax School is certified as a private career school by the State Council of Higher Education for Virginia (SCHEV). The school is also approved to provide Continuing Professional Education (CPE) for CPAs and Continuing Education (CE) for CFPs and IRS Enrolled Agents (EAs). Currently, the Income Tax School helps train more than 5,000 tax professionals annually.
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