The Internal Revenue Service is encouraging tax preparers to take a new competency exam as soon as possible.

So far, more than 4,800 people have become Registered Tax Return Preparers, according to the IRS. The IRS is urging an estimated 340,000 preparers required to take the test to do so as soon as possible so they will have more time if they need to retake the test and to avoid a potential flood of last-minute test takers.

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