Tax Preparer Regulation

Tax Preparer Regulation

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Paid preparers (PP) prepare 60% of all tax returns filed, and their actions affect the IRSAis ability to administer tax laws. A previous report found that some PP made significant errors in preparing tax returns and proposed stricter regulation of preparers. IRS is implementing new requirements for PP that it believes will increase tax compliance, which will reduce the gross tax gap between taxes owed and taxes paid, last estimated at $345 billion for 2001. This report: (1) describe IRSAis plans for implementing and ensuring PP compliance with the requirements; (2) assesses IRSAis resource estimates for the requirements; and (3) assesses IRSAis plans to use the requirements to improve taxpayer compliance and evaluate their effect. A print on demand report.IRS is funding the administration of the paid preparer requirements through user fees for PTIN registration, competency testing, ... 24IRS is authorized to prescribe regulations establishing user fees for government services or things of value.

Title:Tax Preparer Regulation
Author:James White
Publisher:DIANE Publishing - 2011-08


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