A closer look at paid tax preparer regulation
Journal of Accountancy Podcast · AICPA & CIMA
May 27, 202112m 52s
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Show Notes
In a letter to the IRS, the AICPA recently offered recommendations on six key areas of regulation of paid tax return preparers. A senior manager on the AICPA's Tax Policy & Advocacy Team explains more about why the recommendations are needed.
Also, learn more about a recent popular article on delivering and receiving feedback.
What you'll learn from this episode:
- Why it's important for the IRS to address the issue of unregulated tax return preparers.
- Insight into preparer tax identification numbers (PTINs) and IRS authority over them.
- Why the current process to revoke a PTIN can be "time-consuming and costly."
- An explanation of supervised, nonsigning return preparers.
- More on a recent JofA article about delivering and receiving feedback.
- News on the issuance of nonauthoritative guidance for auditing digital assets, and economic trends to watch.