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jgordosea
jgordosea, Enrolled Agent
Category: Tax
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Experience:  I've prepared all types of taxes since 1987.
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UNDER THE NEW REGULATIONS FOR TAX PREPARERS, DOES ANYONE HAVE

Customer Question

UNDER THE NEW REGULATIONS FOR TAX PREPARERS, DOES ANYONE HAVE ANY SUGGESTIONS ON SELF STUDY PROGRAMS TO HELP PREP A PERSON FOR THE UPCOMING TESTING? IS THERE A DIFFERENT WEBSITE OTHER THAN IRS.GOV THAT CAN UPDATE ME ON THE NEW REGS, THE IRS WEBSITE INFO HASN'T CHANGED FOR SOME TIME NOW.
THANKS
Submitted: 4 years ago.
Category: Tax
Expert:  jgordosea replied 4 years ago.

Greetings,

 

There is not (yet) much information on the testing since it will not be implemented for some time.

 

http://www.irs.gov/taxpros/article/0,,id=218611,00.html#Timeline

"What is the best estimate for when the new regulations will be implemented? (posted 1/22/10)

Sept. 1, 2010, is the current target date for an on-line registration system and Jan. 1, 2011, is the current target date for requiring all paid signing preparers to be registered and to use a Preparer Tax Identification Number (PTIN). Final determination of these dates is dependent on many factors and will be widely publicized as soon as available.
Testing will not be implemented until after registration and mandatory PTIN usage are in place."

 

Even though the procedures for taking the tests are yet to be determined there are some that are claiming that their course will prepare you, such as at http://www.theincometaxschool.com/resources/tax-industry-news/tax-preparer-regulations

"The Income Tax School Comprehensive Individual Tax Course cover all topics that will be on the first two IRS tests."

 

One source that I use to get current news is a blog, such as the one at http://www.rothcpa.com/archives/005990.php since they do post items very soon after they occur (such as the comments on that blog the day after testimony was given).

The home page for that blog is http://www.rothcpa.com/taxupdates.php

 

I hope that the sources provided are what you need even though as of yet there is not much information since the testing will not be implemented for more than one year from now.

 

Thank you for the opportunity to be of service.

 

 

 

 

jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3007
Experience: I've prepared all types of taxes since 1987.
jgordosea and 4 other Tax Specialists are ready to help you
Expert:  jgordosea replied 4 years ago.

Hello again,

 

This was an email from NATP:

 

"The IRS will debut its latest educational program for tax professionals, the webinar IRS Live, on June 9, 2:00 p.m. ET. The topic is "New Requirements for Tax Return Preparers - Learn the Who, What, When and How."

Tax professionals will learn about the new requirements for paid return preparers, including:
Preparer Tax Identification Numbers
Competency testing
Preparer tax compliance verification checks
E-file mandate
The broadcast is free and will provide an opportunity for return preparers to learn about upcoming requirements and to get the latest information from David R. Williams, executive lead for Return Preparer Regulations Implementation. Tax professionals can submit questions by e-mail during the webinar.
For additional information on how you can obtain continuing education credit and to register, go to the IRS website."

See http://www.irs.gov/businesses/small/article/0,,id=223591,00.html

 

Please also see http://www.natptax.com/TaxKnowledgeCenter/trp/Documents/2010rprqa.pdf

It says there: "You have three years from the time the test is initially offered (date TBD) to pass the exam. Until then, you can continue as you currently are. "

 

Best wishes.



Edited by John Gordos EA on 6/3/2010 at 8:42 PM EST

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