tag:blogger.com,1999:blog-4899453829841934540.post8976973777837332252..comments2023-08-20T03:14:01.216-05:00Comments on Tax and Accounting Updates from the Leaders in CPE and Training: RTRP Rules ChallengedTHOMSON REUTERS | Tax and Accountinghttp://www.blogger.com/profile/14422692393764142203noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-4899453829841934540.post-14068887603223194772013-01-22T12:28:15.805-06:002013-01-22T12:28:15.805-06:00Yes I think it is going to be interesting o see ho...Yes I think it is going to be interesting o see how long it takes Congress to grant them the power to regulate the preparers.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-76892262526218767122013-01-21T21:50:38.660-06:002013-01-21T21:50:38.660-06:00IRS Lost the Suit....http://www.ij.org/images/pdf_...IRS Lost the Suit....http://www.ij.org/images/pdf_folder/economic_liberty/irs_tax_preparers/irs-opinion-1-18-13.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-25562200479840470512012-11-06T14:35:15.266-06:002012-11-06T14:35:15.266-06:00I have not read or heard of the lawsuits being dro...I have not read or heard of the lawsuits being dropped. I suspect that they are still pending but can not verify that that is the case.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-3077327863036226332012-11-06T08:17:45.660-06:002012-11-06T08:17:45.660-06:00I'm curious as to the status of this 'laws...I'm curious as to the status of this 'lawsuit' pending? Was it dropped or is it still in action? Just wondering if anyone knows.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-68889267053135691002012-10-03T07:21:35.468-05:002012-10-03T07:21:35.468-05:00Thanks for your insight. I agree with you complete...Thanks for your insight. I agree with you completely.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-66159984663131357682012-10-02T11:52:44.334-05:002012-10-02T11:52:44.334-05:00Very interesting thoughts. I do agree that only co...Very interesting thoughts. I do agree that only competent preparers should be allowed to do tax returns, that's a given. However, in certain states (very few, California being one of them), we are already required to show competency by earning our right to practice through initial examination and education (thusly achieving our CRTP designation), and then ongoing continuing education from year to year. I think that the states that require basically the same thing that the IRS is now requiring of everyone should have had some kind of an 'out' for this new testing requirement. It's an added cost, and it's just not necessary, costing us time and money for something we've already done. We've already been through it, been there done that! In California, the California Tax Education Council has strict education requirements yearly. However, I'm all for the concept of this. It always stuck in my craw so to speak that so many states would just let ANYONE hang a shingle and do taxes. It puts a bad rep on all 'tax preparers'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-42347850453548309772012-04-24T09:33:30.449-05:002012-04-24T09:33:30.449-05:00Thanks for your comment. Good observation.Thanks for your comment. Good observation.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-50904310796198107422012-04-23T18:45:50.388-05:002012-04-23T18:45:50.388-05:00H&R Block, Jackson Hewitt and other national c...H&R Block, Jackson Hewitt and other national chains barely train most of their preparers_often 2-3 months classes and most of those students who later apply to work for them are employed. How come the IRs doesn't require all preparers to take the exam without exception and when was the last time one notice a CPA from JH or H&B preparing their clients' returns? The IRS mandate is really a giveaway to the national chains at the expense of smaller preparers. The required 15 hours and additional fees imposed an unfair burden to preparer other than the big chains. Auditing is the fairest and surest mean to examine returns.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-14699724918448720742012-04-03T11:00:38.552-05:002012-04-03T11:00:38.552-05:00Chuck, thanks for your comment and insights. I agr...Chuck, thanks for your comment and insights. I agree with you compltely.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-79454873838542243512012-04-03T09:42:46.559-05:002012-04-03T09:42:46.559-05:00I believe the IRS regulation of preparers is appro...I believe the IRS regulation of preparers is appropriate and very necessary. Bills to regulate preparers had been presented to Congress annually for a number of years before the IRS took this initiative. Those bills always died in Congress due to other priorities. The IRS finally got the job done and the tax industry and taxpayers will be far better off because of the regulations. The argument that these three preparers will face hardship is absurd. They should not be in business if they can't demonstrate basic competency and also keep up with the tax laws through annual continuing education. I can't believe that the video shows one of them actually using a typewriter instead of a computer! Unless he can charge the fees necessary to make a profit, he is engaged in a hobby, not a business. The tax industry has needed to improve its image through the implementation of such a professional standard. Legitimate tax businesses and tax preparation customers will benefit through the regulations. Taxpayers will also benefit from a reduction in fraud.Chuck McCabehttp://www.peoplestax.comnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-30831661429895013952012-03-26T07:58:48.219-05:002012-03-26T07:58:48.219-05:00Thanks. That is exactly what I was trying to conve...Thanks. That is exactly what I was trying to convey with the blog.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-80329023000677133192012-03-24T11:49:03.631-05:002012-03-24T11:49:03.631-05:00Just one quick comment (I could go on and on): rem...Just one quick comment (I could go on and on): remember that Treasury and Congress MAKE policy and the IRS simply carries it out. As an EA who is involved with the National Association of Enrolled Agents, I can attest to the fact that our organization has spent years of time and effort to effect this change, and I'm excited to see it happen. Our job as tax professionals is to serve and protect the American taxpayer. What better way than to make sure everyone is served by a knowledgeable preparer?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-7095200335751745662012-03-22T07:50:31.554-05:002012-03-22T07:50:31.554-05:00Thanks for your comment. You make a very good poin...Thanks for your comment. You make a very good point.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-40081959890781349912012-03-21T18:42:53.946-05:002012-03-21T18:42:53.946-05:00The need for tax return preparers to be competent ...The need for tax return preparers to be competent is not the primary point here. The point is that the IRS does not have the legal authority to regulate tax return prepares. I have years of experience, and other legimate credentials to attest to my ability to prepare tax returns. I don't need to be regulated by a Federal Agency whose top personnel can't even interpret the tax code properly themselves. Read the background on where all of this came from. A former top person with H & R Block was very involved with this power grab scheme. We all know it is really about another sector of Big Business using an agency of the government and trying to eliminate the independent tax preparers so they can grab a larger share of the market and raise rates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-9053501845840736482012-03-16T09:13:55.222-05:002012-03-16T09:13:55.222-05:00I agree. Your point is well taken.I agree. Your point is well taken.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-54066983140331459562012-03-16T08:44:16.098-05:002012-03-16T08:44:16.098-05:00The issues raised by the return preparers are simp...The issues raised by the return preparers are simply the harms necessary to sustain a lawsuit. The legal claims are what is important here. Good idea or not, if the IRS lacks authority, then its actions are lawless. Rules are not just for little guys, you know.CGhttps://www.blogger.com/profile/01421613152532604913noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-65535767551463367862012-03-16T08:19:24.961-05:002012-03-16T08:19:24.961-05:00Thanks for your response. I did see that they were...Thanks for your response. I did see that they were contending that Congress’s never gave the IRS authority to regulate tax return preparers. I wasn’t addressing that issue I was only addressing the issues raised by the three tax preparers on whose behalf the IJ was filing suit.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-80593906289721555742012-03-16T08:18:38.323-05:002012-03-16T08:18:38.323-05:00Thanks for your reply. That is interesting that th...Thanks for your reply. That is interesting that they would touch on the anti-churning rules in an examination for basic tax return preparers. I am glad to see that I am not the only one who thinks only competent preparers should be doing tax returns for the public.Winford Paschallhttps://www.blogger.com/profile/14337152923367600361noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-6239459720857054612012-03-16T06:31:49.387-05:002012-03-16T06:31:49.387-05:00"Amen to everything you said. I worked for a ..."Amen to everything you said. I worked for a national chain for 20 years and am an Enrolled Agent. When I initially took their final exam in order to be able to work, the exam included Sch C, E, 2106, 4562 and even touched on the anti-churning rules." That is interesting.<br /><br />_________________<br /><a href="http://www.clough.co.uk/" rel="nofollow">Accountants in Keighley</a>alexhttps://www.blogger.com/profile/08197663420594672304noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-91906184770032321502012-03-15T15:15:41.259-05:002012-03-15T15:15:41.259-05:00If you would have read the link, you would have se...If you would have read the link, you would have seen that IJ is not just alleging that the regulations are unfair and senseless, IJ is also arguing that Congress never gave the IRS authority to regulate tax return preparers.CGhttps://www.blogger.com/profile/01421613152532604913noreply@blogger.comtag:blogger.com,1999:blog-4899453829841934540.post-46267096964996312642012-03-15T14:12:26.968-05:002012-03-15T14:12:26.968-05:00Amen to everything you said. I worked for a nation...Amen to everything you said. I worked for a national chain for 20 years and am an Enrolled Agent. When I initially took their final exam in order to be able to work, the exam included Sch C, E, 2106, 4562 and even touched on the anti-churning rules. Today to work for that same company, you have to be able to fill out a Sch A. Supposedly these first year preparers are only allowed to take the easiest of returns but of course they don't make any money doing this.<br />A five year old could set up shop doing income taxes. I have seen such egregious errors and the taxpayer/client is the one who suffers.<br />This is the absolute best thing that could happen to our profession. If they can't pass a basic competency test, they should not be preparing taxes. (That needed to be repeated).Anonymousnoreply@blogger.com