All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.
The ruling last Tuesday by the U.S. Court of Appeals for the District of Columbia (see ďTax Preparers Defeat IRS in Appeals Court Ruling on Licensing SchemeĒ) did not surprise me and didnít surprise many of my colleagues in the accounting profession, including the IRS representatives I know. The justicesí ruling clearly limits the authority of the IRS. By not allowing the IRS to regulate all tax preparers, it handicaps the government agency from being effective in its role of collecting the nationís revenue. †
Get access to this article and thousands more...