Jump to content

Tax professional: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
Wikified It
m Missed an internal link
Line 5: Line 5:
As of February 2010 the United States [[Department of Treasury]]'s [[Internal Revenue Service]] does ''not'' require certification of individual tax practitioners. By far the largest segment of Tax Professionals are individual tax preparers. It therefore follows that the term ''Tax Professional'' does ''not'' currently imply any academic, accreditation, or certification requirements have been met.
As of February 2010 the United States [[Department of Treasury]]'s [[Internal Revenue Service]] does ''not'' require certification of individual tax practitioners. By far the largest segment of Tax Professionals are individual tax preparers. It therefore follows that the term ''Tax Professional'' does ''not'' currently imply any academic, accreditation, or certification requirements have been met.


The IRS, with the support of the National Association of Tax Professionals, is currently attempting to change this by requiring examination and certification of Tax Preparers<ref>http://www.ocala.com/article/20100129/OBIZ/100129697/1357/obiz?Title=Tax-preparers-say-they-welcome-law-requiring-federal-certification</ref>.
The IRS, with the support of the [[National Association of Tax Professionals]], is currently attempting to change this by requiring examination and certification of Tax Preparers<ref>http://www.ocala.com/article/20100129/OBIZ/100129697/1357/obiz?Title=Tax-preparers-say-they-welcome-law-requiring-federal-certification</ref>.


Tax Professionals are regulated by [[Circular 230]], Reg 10.33
Tax Professionals are regulated by [[Circular 230]], Reg 10.33

Revision as of 20:49, 24 February 2010


Tax Professional is a generic term describing a variety of professions including Enrolled Agents, Certified Public Accountants, Lawyers, Financial Planners, and individual practitioners.

As of February 2010 the United States Department of Treasury's Internal Revenue Service does not require certification of individual tax practitioners. By far the largest segment of Tax Professionals are individual tax preparers. It therefore follows that the term Tax Professional does not currently imply any academic, accreditation, or certification requirements have been met.

The IRS, with the support of the National Association of Tax Professionals, is currently attempting to change this by requiring examination and certification of Tax Preparers[1].

Tax Professionals are regulated by Circular 230, Reg 10.33

Notes