The Internal Revenue Service hopes that new interim guidance for tax preparers will ease concerns over the expanded preparer penalties and heightened standards of conduct that must be met to avoid the penalties.

The guidance, contained in Notice 2008-13, implements the rules passed in May 2007 as part of the Small Business and Work Opportunity Act of 2007. That law tightened the disclosure requirements for tax preparers under Section 6694 of the Tax Code by requiring preparers to disclose to the IRS any tax positions taken by a taxpayer that didn't meet the code's "more likely than not" standard.

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