{"id":110267,"date":"2023-04-12t11:59:31","date_gmt":"2023-04-12t15:59:31","guid":{"rendered":"\/\/www.g005e.com\/?p=110267"},"modified":"2024-08-07t23:09:25","modified_gmt":"2024-08-08t03:09:25","slug":"should-tax-preparers-be-certified-competent","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/04\/12\/should-tax-preparers-be-certified-competent\/","title":{"rendered":"should tax preparers be certified competent?"},"content":{"rendered":"
<\/a><\/a>four recommendations for congress.<\/strong><\/p>\n by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n sad news for all you enrolled agents, enrolled actuaries, attorneys, cpas and other trained, competent tax preparers: you wasted your time and money on education. it turns out incompetence isn\u2019t illegal. there are no standards, no mandatory credentials. anyone can claim to be a tax preparer.<\/p>\n more: <\/b>irs: let the sun shine in \u2026 and out<\/a> | irs has big plans for its $80 billion<\/a> | can\u2019t irs tax pro accounts do more?<\/a> | hello? irs? anybody home?<\/a> | taxpayer assistance centers need upgrade<\/a> | at the irs, short on staff means short on service<\/a> best of all, when an incompetent preparer makes a mistake, it\u2019s only taxpayers and the irs that suffer. over half of all individual tax returns are prepared by preparers. but last year, as of september, non-credentialed preparers had prepared 58 percent of them.<\/p>\n generally speaking, the non-credentialed don\u2019t do a very good job of it. one clear indicator: about 92 percent of dollars of audit adjustment made on 2020 returns claiming earned income tax credit occurred on returns prepared by non-credentialed preparers.<\/p>\n lack of minimum competence<\/strong><\/p>\n the lack of minimum competence harms taxpayers in many ways:<\/p>\n numerous studies have consistently found significant noncompliance on returns prepared by non-credentialed preparers.<\/p>\n once upon a time, the secretary of the treasury and the irs implemented a program regulating paid tax return preparers. but within a couple of years, the supreme court held that the irs has no such authority to impose preparer standards without statutory authorization. the non-credentialed lived happily ever after.<\/p>\n if the irs were authorized to do so by congressional legislation, it could bring all return preparers under the purview of circular 230, a body of regulations that provides standards of conduct and sanctions for violations for the profession. a minimum competency exam could include ethical standards.<\/p>\n undercover agents<\/strong><\/p>\n though the national taxpayers advocate has been calling on congress to pass appropriate legislation, no such action has been taken. one study \u2013 conducted by the general accountability office, the treasury inspector general for tax administration, and the n.y. state department of taxation and finance \u2013 involved undercover agents seeking return preparation assistance from non-credentialed preparers. every return had significant inaccuracies.<\/p>\n an irs study in 2014 found that non-credentialed return preparers not affiliated with a national tax return preparation firm were responsible for \u201cthe highest frequency and percentage of eitc overclaims.\u201d the overclaims averaged 33 to 40 percent.<\/p>\n ghost preparers<\/strong><\/p>\n there may be some disadvantages to requiring standards of education or mandatory credentials.<\/p>\n one is that the requisite education would cost preparers time and money. some will do what they have to do and pass those costs on to clients. others may decline the credentials and go underground to prepare returns at a discount without signing them. those latter shysters are known as \u201cghost preparers.\u201d when they are called upon to account for errors, they disappear into thin air.<\/p>\n there is also concern that an oversight program might drive preparers out of the profession simply because achieving competence involves investments in money and time.<\/p>\n the nta has sent to congress four recommendations that could eliminate this problem:<\/p>\n four recommendations for congress.<\/strong><\/p>\n by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n","protected":false},"author":17,"featured_media":33099,"comment_status":"open","ping_status":"closed","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":[2269,3120,3002,2246],"tags":[],"class_list":["post-110267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","category-pro-member-exclusive","category-special","category-busy-season"],"acf":[],"yoast_head":"\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
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\nthey don\u2019t do a very good job<\/strong><\/p>\n\n
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