IRS Rules Changes Throw Tax-Preparers for a Loop
The country managed to avoid the dairy cliff and the fiscal cliff (more or less), but it looks like we are in midair after falling off the tax preparation cliff.
At the end of last year, I blogged about new Internal Revenue Service (IRS) rules that require small-time tax preparers to pay annual fees, take IRS exams, and obtain 15 hours of expensive continuing education. Attorneys and certified public accountants are exempt from the requirements, and big tax firms like H&R Block actually backed the regulation, which will put many of their seasonal competitors out of business.
Source: Reason. Read full article. (link)
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