The days of anyone preparing a personal tax return is gone. Beginning last year, all tax preparers had to get a PTIN (Preparer Tax Identification Number) and renew it each year with the IRS. However, beginning in 2012, all preparers other than CPAs, attorneys, and enrolled agents must pass a competency exam. In addition, enrolled agents much take 72 hours of continuing education every three (3) years (minimum of 16 hours per year and Other Tax Return Preparers must take 15 hours per year of continuing education. The IRS is updating the requirments to combat fraudent tax return preparation. So is your non-attorney, non-CPA, and non-enrolled agent ready to meet the new tax preparation requirements? You will need to ask.
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