H1B Tax Accounting Welcomes IRS Tax Preparer Regulations
The new tax preparer regulation comes to no surprise to this growing Tax Firm in Jacksonville Florida. H1B Tax Accounting has a partnership with the local Florida State College at Jacksonville (FSCJ). Teaching their Vocational Tax Course and preparing individuals for the future IRS Tax preparer required testing.
INTERNAL REVENUE SERVICE RETURN PREPARER REVIEW
December 2009
IRS Launches Tax Return Preparer Review; Recommendations to
Improve Compliance Expected by Year End
IR-2009-57, June 4, 2009
WASHINGTON — IRS Commissioner Doug Shulman announced today that by
the end of 2009, he will propose a comprehensive set of recommendations to
help the Internal Revenue Service better leverage the tax return preparer
community with the twin goals of increasing taxpayer compliance and ensuring
uniform and high ethical standards of conduct for tax preparers.
Some of the potential recommendations could focus on a new model for the
regulation of tax return preparers; service and outreach for return preparers;
education and training of return preparers; and enforcement related to return
preparer misconduct. The Commissioner will submit recommendations to the
Treasury Secretary and the President by the end of the year.
“Tax return preparers help Americans with one of their biggest financial
transactions each year. We must ensure that all preparers are ethical, provide
good service and are qualified,” Shulman said. “At the end the day, tax preparers
and the associated industry must be part of our overall game plan to strengthen
the integrity of the tax system.”
The first part of this groundbreaking effort will involve fact finding and receiving
input from a large and diverse constituent community that includes those that are
licensed by state and federal authorities – such as enrolled agents, lawyers and
accountants – as well as unlicensed tax preparers and software vendors. The
effort will also seek input and dialog with consumer groups and taxpayers.
“We plan to have a transparent and open dialogue about the issues,” Shulman
said. “At this early and critical stage of the process, we need to hear from the
broadest possible range of stakeholders.”
Later this year, the IRS plans to hold a number of open meetings in Washington
and around the country with constituent groups.
More information, including schedules and agendas for public meetings, will be posted on the “Tax Professionals”
IRS. (2009). Retrieved January 4, 2010, from http://www.irs.gov/
http://www.integritytaxsolutionsinc.com
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