Free Site Registration


IRS Warns Tax Preparers to Get Continuing Education Soon, Posts List of Providers

Print
Email
Reprints
Washington, D.C. (February 10, 2012)

By Michael Cohn, Accounting Today

The Internal Revenue Service is reminding tax preparers that they need to complete 15 hours of continuing education, under new requirements starting this year, and has posted a list of providers.

The annual education hours must come from IRS-approved providers, the IRS warned Friday.

The new continuing education requirement is part of the IRS’s beefed-up tax return preparer oversight efforts, in response to problems the IRS has experienced with unqualified preparers. It applies to the same tax preparers who are currently required to pass the IRS’s new Registered Tax Return Preparer competency test, which is another part of the tax preparer regulation effort.

Advertisement

CPAs, tax attorneys and Enrolled Agents are currently exempt from the annual 15-hour CE requirement, as well as the testing requirement, because they already meet separate requirements, such as passing the Uniform CPA Examination. Non-signing preparers supervised by CPAs, attorneys or Enrolled Agents in law, accounting, and recognized firms also are exempt from the continuing education and test requirements, according to Notice 2011-6, as are tax return preparers who do not prepare any Form 1040 series returns, such as estate and trust returns.

The 15 hours of continuing education must include 10 hours of federal tax law, three hours of federal tax law updates, and two hours of ethics each calendar year. Tax return preparers must provide their Preparer Tax Identification Numbers—another prong of the IRS’s tax return preparer regulation effort—to the CE providers so their continuing education can be properly reported to the IRS.

Completion of the CE requirement for these preparers is a condition for the annual renewal of the PTIN, which is required to prepare federal tax returns. The requirement is prorated for preparers who obtain a PTIN during the year.

All individuals with an IRS continuing education requirement, including enrolled agents and enrolled retirement plan agents, can access a listing of IRS Approved Providers at www.IRS.gov/taxpros/ce.  The list is updated regularly.

To date, 163 providers have applied and been approved through the new provider application process launched in December 2011 (IR-2011-115).  Providers must be one of the following:

• An accredited educational institution,
• Recognized for continuing education purposes by the licensing body of any state or U.S. territory,
• Approved by an IRS Accrediting Organization (at this time, the National Association of State Boards of Accountancy is the only IRS Accrediting Organization) as a provider of CE to Registered Tax Return Preparers, Enrolled Agents, and Enrolled Retirement Plan Agents, or
• Any other professional organization, society or business recognized by the IRS as a provider of CE to Registered Tax Return Preparers, Enrolled Agents, and Enrolled Retirement Plan Agents.

Accredited educational institutions must now register for their programs to qualify for IRS CE credit. Previously, Enrolled Agents and Enrolled Retirement Plan Agents could obtain IRS CE credit for completing qualified continuing education at an accredited educational institution even if the educational institution did not register with the IRS.

Instructions for individuals and organizations interested in becoming an IRS approved CE provider or IRS Accrediting Organization are available on the IRS Continuing Education Providers page.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Advertisement
Advertisement

What's New at Grant Thornton

May 14, 2012

CEO Stephen Chipman talks about his firm's new brand focus on growth, and its recent M&A activity.

Advertisement

SLIDE SHOW

Top 10 Payroll Mistakes Companies Make

May 14, 2012

Keeping your clients from running afoul of IRS rules around payroll taxes will help them avoid stiff penalties.

10 Years of the Top 100 Firms

May 6, 2012

Tracking trends at the biggest firms in the U.S.

Best Accounting Firm Taglines

April 27, 2012

Our favorite slogans from around the profession.

Favorite Busy Season Activities

April 10, 2012

LinkedIn Accounting members share the best methods to bust stress and boost morale.

The Best Places to Be an Accountant 2012

March 27, 2012

From our 2012 Regional Leaders list, we rank the best parts of the country to operate an accounting firm.

More Wacky Tax Deductions

March 26, 2012

LinkedIn members point out some weird tax deductions their clients have suggested.

7 Tax-Free Benefits for Employees

April 15, 2012

Employee rewards Uncle Sam can't touch.

Advertisement
Advertisement
Advertisement