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Tax Preparer Legislation to Revoke Licenses

 

Congressman Ron Estes and Congresswoman Terri Sewall, both of Kansas, introduced Tax Preparer legislation yesterday (Tues. June 25) to protect taxpayers by allowing the IRS to remove bad actors from preparing taxes. Currently, tax preparers must have a valid Preparer Tax Identification Number (PTIN).

 

Estes said the bipartisan legislation will protect taxpayers by ensuring the IRS can revoke the certification for unqualified tax preparers. Sewell pointed out that about 60 percent of taxpayers use paid preparers, and the IRS receives more than 10,000 complaints every year.

 

The IRS has identified nearly 20,000 registered preparers who are potentially non-compliant with their own tax filing and payment obligations.

 

Currently a preparer's own tax compliance and criminal conviction history are not cause for revoking their certificate, but this legislation is aimed at correcting that.

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