Tuesday, March 18, 2014

Should Congress Set Rules of Tax Preparers? (Unit 4)


A push towards cleaning up the preparation business of taxes was advocated by the Obama administration. In the past few years, tax preparers have drained the U.S. Treasury and taxpayers and the Obama administration has asked Congress to pass a law that will permit the Internal Revenue Service to regulate preparers. In a successful court case, the U.S. Court Appeals for the District of Columbia ruled that Congress did not give the IRS the power to require continued education and test taking on tax-return preparers. The Republican-controlled House of Representatives, a Republican who takes part in the Ways and Means Committee stated it is not in their interest to form such a law. Committee Chairman of the Ways and Means Committee, Dave Camps-R, said the IRS’s request is under appraisal. 

http://articles.chicagotribune.com/2014-03-17/news/sns-rt-us-usa-tax-preparers-20140317_1_preparers-jeff-trinca-irs

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