Tag Archives: IRS
Coalition Urges IRS to Issue Taxpayer Relief Amid Pandemic
SHARE: A coalition of organizations that represent tax professionals, among others, understands all too well the enormous impact the COVID-19 pandemic has made on professionals across all industries and professions. In response, the coalition called on the IRS and Treasury to implement taxpayer relief from penalties and certain other compliance actions. According to a letter…
Proposed Tax Preparer Legislation
SHARE: A recently introduced bill in Congress would authorize the U.S. Treasury to regulate paid tax return preparers and mandate minimum competency standards. According to the Journal of Accountancy, the introduction of the Taxpayer Protection and Preparer Proficiency Act, H.R. 4184, in Congress follows the Biden administration’s request in late April, in its American Families…