AICPA Opposes IRS Voluntary Program to Regulate Preparers 

Published May 21, 2014 reported on the American Institute of CPAs’ (AICPA) opposition to IRS plans for a voluntary program to regulate the nation’s tax preparers. In a letter to IRS Commissioner John Koskinen, AICPA President and CEO Barry Melancon and AICPA Tax Executive Committee Chair Jeffrey Porter wrote that the organization has “deep concerns with regard to a voluntary system and the speed with which the IRS is moving to implement such a system.” “We believe a voluntary program would create confusion regarding the relative proficiencies of the various types of preparers,” the letter stated. “In addition, the proposed voluntary system would undoubtedly leave the impression among most taxpayers that certain tax return preparers are endorsed by the Internal Revenue Service.” Reporter Jason Bramwell noted that the IRS was dealt a blow in a federal appeals court ruling in February when a panel of judges upheld a lower court’s 2013 ruling that the agency did not have the authority to regulate the estimated 600,000 to 700,000 paid tax return preparers in the United States.


Copyright © 2006-2016 American Institute of CPAs.