A federal judge on Friday barred the IRS from imposing a series of new regulations, including a competency exam, on hundreds of thousands of tax preparers. So what will that mean for Block? And those of us who paid for this test?
It appears that this was a political move on the part of the courts who may feel the government has been
micro-managing the economy. It's unfortunate that citizens are being tossed back and forth like ping pong
balls! This is why the economy is stuck. Try to take heart in the fact that you're credentialed. I would much
rather have my taxes done by you and not by the "fly-by-nights".
Most of us have been asking for this for such a long time, we welcomed the new regulations hoping it would stop the incompetents from hanging a shingle. It's why there is such harsh due diligence with a $500 fine on the back of preparers for EIC returns right now. We have to be the "police" because of all the crooks, cons and incompetent preparers. Yesterday, grilling new clients in a joking matter, I asked: can you prove these kids are yours, and the guy called the 2 kids out of the waiting room, had them come to my desk and said "Can't you see they look like me?" Made me laugh, wondering if I should write that out on the 8867. "Children were spiting image of Dad, can't deny there are his."
cjadegree, President Bush used the pocket veto one time during his 8 years and it was for a defense bill, not a tax preparer regulation bill. My point was that the statement that Bush blocked a bill to allow the IRS to regulate tax preparers was a false allegation, just like many of the "blame Bush" allegations. Lord knows Bush did enough of his own nonsense, but it doesn't help just to make stuff up...
IRS will go to the Congress to pass a law to allow this. The court ruled that IRS did not have the authority unless granted by Congress. Block will lobby Congress not to pass it. How else will they get tax preparers to work for $8/hr?