{"id":10982,"date":"2011-02-01t16:22:38","date_gmt":"2011-02-01t20:22:38","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=10982"},"modified":"2024-11-19t21:34:19","modified_gmt":"2024-11-20t02:34:19","slug":"new-irs-ptin-rules-could-force-big-shake-out-in-tax-prep-industry","status":"publish","type":"post","link":"\/\/www.g005e.com\/2011\/02\/01\/new-irs-ptin-rules-could-force-big-shake-out-in-tax-prep-industry\/","title":{"rendered":"new irs requirements could force big shake-out in tax prep industry"},"content":{"rendered":"<p><strong>wall street: mom-and-pop tax shops in peril.<\/strong><\/p>\n<p>john hewitt, the founder of jackson hewitt and now ceo of liberty tax, expects a huge shakeout because of the new irs requirement for paid tax-return preparers to <a href=\"http:\/\/www.irs.gov\/taxpros\/article\/0,,id=210909,00.html\" target=\"_blank\">register with the government<\/a>.<\/p>\n<figure id=\"attachment_11183\" class=\"thumbnail wp-caption alignleft\" style=\"width: 150px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-11183 \" title=\"john hewitt\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-150x150.jpg\" alt=\"john hewitt\" width=\"150\" height=\"150\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-150x150.jpg 150w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt.jpg 100w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-145x145.jpg 145w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-190x190.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt.jpg 200w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><figcaption class=\"caption wp-caption-text\">john hewitt<\/figcaption><\/figure>\n<p>market share for the two largest tax chains, h&amp;r block and jackson hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. turbotax, for example, grew by about 121%. but the new irs ptin rules may slow the decline by forcing out mom-and-pop paid preparers, according to wall street analysts. <a href=\"\/\/www.g005e.com\/2011\/02\/01\/new-irs-ptin-rules-could-force-big-shake-out-in-tax-prep-industry\/#more-10982\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>wall street: mom-and-pop tax shops in peril.<\/strong><\/p>\n<p>john hewitt, the founder of jackson hewitt and now ceo of liberty tax, expects a huge shakeout because of the new irs requirement for paid tax-return preparers to <a href=\"http:\/\/www.irs.gov\/taxpros\/article\/0,,id=210909,00.html\" target=\"_blank\">register with the government<\/a>.<\/p>\n<figure id=\"attachment_11183\" class=\"thumbnail wp-caption alignleft\" style=\"width: 150px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-11183 \" title=\"john hewitt\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-150x150.jpg\" alt=\"john hewitt\" width=\"150\" height=\"150\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-150x150.jpg 150w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt.jpg 100w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-145x145.jpg 145w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt-190x190.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2011\/02\/john-hewitt.jpg 200w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><figcaption class=\"caption wp-caption-text\">john hewitt<\/figcaption><\/figure>\n<p>market share for the two largest tax chains, h&amp;r block and jackson hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. turbotax, for example, grew by about 121%. but the new irs ptin rules may slow the decline by forcing out mom-and-pop paid preparers, according to wall street analysts. <a href=\"\/\/www.g005e.com\/2011\/02\/01\/new-irs-ptin-rules-could-force-big-shake-out-in-tax-prep-industry\/#more-10982\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2303,5,3120,1906],"tags":[738,1031,27,804],"class_list":["post-10982","post","type-post","status-publish","format-standard","hentry","category-tax-season","category-outlook","category-pro-member-exclusive","category-tax-practice","tag-irs","tag-regulation","tag-tax","tag-tax-prep","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the 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