IRS pushes for more tax preparer regulation - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

IRS pushes for more tax preparer regulation

By Kevin Wheeler - bio | email 

HATTIESBURG, MS (WDAM)- For so many people, using a professional tax preparer makes tax filing so easy. Taxpayers turn over their information, pay a fee, and the preparers handle the rest.

That's a major financial transaction," said IRS spokeswoman Dee Stepter. "You're providing social security numbers and bank account information."

In 2009, the IRS conducted a review of the tax preparer system in efforts to make sure taxpayers are being served through high standards.

"We want to ensure that tax payers are getting the same consumer protections that other people are afforded when they make financial transactions," Stepter added.

As of now paid preparers do not have to register with the IRS. They only have to provide their social security number or an optional tax identification number.

The IRS intends to require preparers to register with the agency and to pay a user fee. They also plan to make I.D. numbers mandatory.

Preparers who are not attorneys, public accountants or enrolled agents, will have to take a competency test.

They will also have to complete 15 hours of continuing education in three categories. All of this information on the preparers will be stored in a public database.

"They'll have the assurances that these preparers are being regulated, that they are registered," said Stepter. "They'll be able to check and make sure that these people are compliant."

Copyright 2010 WDAM. All rights reserved.

 

  • Local NewsLOCALMore>>

  • AP Explains: What is net neutrality and why does it matter?

    AP Explains: What is net neutrality and why does it matter?

    Thursday, December 14 2017 12:24 AM EST2017-12-14 05:24:37 GMT
    Saturday, December 16 2017 1:46 AM EST2017-12-16 06:46:48 GMT

    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.

    More >>

    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.

    More >>
  • Lady Eagles score 23 unanswered in win over Sam Houston

    Lady Eagles score 23 unanswered in win over Sam Houston

  • Lady Eagles score 23 unanswered in win over Sam Houston

    Lady Eagles score 23 unanswered in win over Sam Houston

    Saturday, December 16 2017 12:14 AM EST2017-12-16 05:14:04 GMT
    USM junior Megan Brown (22) scored 11 points and grabbed 12 rebounds in the Lady Eagles' 58-38 win over Sam Houston on Friday. Courtesy: WDAMUSM junior Megan Brown (22) scored 11 points and grabbed 12 rebounds in the Lady Eagles' 58-38 win over Sam Houston on Friday. Courtesy: WDAM

    Three days after nearly knocking off Ole Miss, Southern Miss responded with a 58-38 win over Sam Houston State on Friday night at Reed-Green Coliseum. From the 3:16 mark of the second period to the 5:35 mark of the third period, the Lady Eagles went on a 23-0 run to open a 33-16 lead over the Bearkats. USM outrebounded Sam Houston 45-32, thanks in part to junior Megan Brown and senior Jayla King’s pair of double-doubles.

    More >>

    Three days after nearly knocking off Ole Miss, Southern Miss responded with a 58-38 win over Sam Houston State on Friday night at Reed-Green Coliseum. From the 3:16 mark of the second period to the 5:35 mark of the third period, the Lady Eagles went on a 23-0 run to open a 33-16 lead over the Bearkats. USM outrebounded Sam Houston 45-32, thanks in part to junior Megan Brown and senior Jayla King’s pair of double-doubles.

    More >>
Powered by Frankly