Washington (Feb. 10, 2003) -- Although more than 50 percent of Americans pay a tax preparer to complete their income tax returns, most preparers are not required to meet minimum standards of competency, said National Taxpayer Advocate Nina Olson.
In her report to Congress, Olson outlined a proposal to require all persons (other than attorneys, CPAs and enrolled agents) who prepare more than five federal tax returns for a fee to register with the Internal Revenue Service. All such persons would be required to pass an initial examination testing technical knowledge and competency to prepare individual or business tax returns, with annual refresher exams each succeeding year.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access