IRS Loses Lawsuit Challenging Authority to Regulate Tax Preparers

Accounting Today has great coverage on the breaking news concerning the IRS RTRP program. What legal maneuvers may be next have not been publicly released. Will Congress act to give IRS the power to regulate tax preparers? Will the IRS appeal? Will those that are already RTRP's have a competitive advantage over unlicensed tax preparers? One thing is clear, tax preparers need to stay on top of the law changes with quality continuing education. Whether they are regulated or not time will tell. 

Read the Accounting Today coverage of the IRS lawsuit ruling.

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