New IRS Guidelines Will Affect Arizona Tax Payers and Tax Professionals

More than eighty percent of Americans turn to paid tax preparers or tax preparation software when it comes time to file their taxes. The IRS has recently released the results of a landmark study that suggests both tax payers and the federal government will benefit from new registration, testing, and continuing education of tax preparers.  Based on the report’s findings, the IRS has launched a new initiative to improve tax preparation services.

One of the major goals of the program, which will kick off in time for the 2010 tax year, is to ensure that taxpayers receive competent service from well-qualified professional tax preparers. Toward that goal, the IRS plans to implement the following (from the IRS website):

  • Requiring all paid tax return preparers who must sign a federal tax return to register with the IRS and obtain a preparer tax identification number (PTIN). These preparers will be subject to a limited tax compliance check to ensure they have filed federal personal, employment and business tax returns and that the tax due on those returns has been paid.
  • Requiring competency tests for all paid tax return preparers except attorneys, certified public accountants (CPAs) and enrolled agents who are active and in good standing with their respective licensing agencies.
  • Requiring ongoing continuing professional education for all paid tax return preparers except attorneys, CPAs, enrolled agents and others who are already subject to continuing education requirements.
  • Extending the ethical rules found in Treasury Department Circular 230 — which currently only apply to attorneys, CPAs and enrolled agents who practice before the IRS — to all paid preparers. This expansion would allow the IRS to suspend or otherwise discipline tax return preparers who engage in unethical or disreputable conduct.

At The Pew Law Center, PLLC, we understand that if you do run into tax problems with the IRS, it can be overwhelming.  Whether you owe back taxes, haven’t filed taxes for several years, or have received an audit or wage garnishment notice from the IRS, the attorneys at The Pew Law Center PLLC can help you or your business with these and any other federal and state tax problems.

We are a dedicated debt relief law firm. We help people from Phoenix, Mesa, Gilbert, Queen Creek, Chandler, Scottsdale, Apache Junction, Tempe and throughout Arizona work through tough tax problems or file for bankruptcy every day. We can help stop the debt cycle and give you relief from your overwhelming, burdensome, and crushing tax problems. Please don’t wait another moment. Call us right away – our attorneys will help get you the fresh start you deserve.