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  • mr.phil2u mr.phil2u Sep 20, 2012 3:44 PM Flag

    IRS Registered Preparer update

    Also remember,the IRS makes the rules and changes the rules to suite their perceived need. They will makes sure that there is a orderily 2013 tax season ,or heads will roll.
    Question for lead poster. If there is a shortage of Tax preparers, how will you be able to staff and manage two offices?

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    • I really don''t perceive the events that happened last season would lead me to believe that IRS regards their need for wanting things to go smooth and orderly would outweigh their needs to require want they want. I expect much of the same this tax season. They haven't backed off on filtering the returns, and, in fact, are talking about doing more. While some will receive a refund in a short period of time, I expect many will be waiting the 2 to 4 weeks (like last year) before they get their return. Most offices will have enough rtrps to keep open, some won't. I have looked at how many people are registered with some schools for the enrolled agent exam vs the RTRP exam. Surprise! The amount of EA enrollment has almost doubled since last year, and exceeds the number of RTRP students (e.g. "Fast Forward" school). Many pros are seeing the opportunity that is taking shape. Same happened in Oregon, eventually, even though they had a grandfather clause. One EA can hire numerous supervised preparers, and make bunches more bucks than a RTRP if he/she opens his/her own place. There are many under-employed or unemployed CPAs and EAs with the current economy. Hiring competent and registered may mean having to pay 20 to 30 an hour. If you don't have to pay the franchise fees, that isn't really a problem. Even at the current average client fee. The average hourly fee in Oregon is over 20. Oregon told IRS, we made a huge mistake by grandfathering, or making it easy. "Don't do it", they said. I don't think they will. There will be enough preparers to handle the masses, however, they may have to wait in line for a time. Or, leave it and come back. No rush, there is no longer a "rapid refund", as they will discover, again, next tax season..

    • Prometic the testing company has already indicated to the IRS that they do not have the capacity to test all of the tax pros who have not taken the test to date. That means if you have tax pros who have not taken the test they need to book and get it done early. If the IRS does not extend the testing requirement period tax pros could be unable to work because they have not tested.

      • 3 Replies to penguinzlvr
      • If anybody understands human nature and deadlines it should be the IRS. Do you really think they will allow the tax industry to shut down because half the paid preparers can't work? The IRS needs tax pros. They have a contingency plan. To blame human nature on the preparers who have waited is moronic. A lot of people are concerned about this test, and waiting until after tax season makes a lot of sense for someone who is worried. This has not been well thought out on the part of the IRS, though. Like many things (efiling and direct deposit with no positive ID on who is filing or receiving the money, for example).

      • I think the IRS will extend the deadline another year. Wish they wouldn't, but bet they do. In my city, there's only one Prometric site, and there's probably only 10 seats at that. If the only thing that Prometric was used for was the RTRP, there might be a chance, but that's not the case.

      • Well isn't that cute? Another government run program (was it given to the lowest bidder?) that can't accommodate or meet their own demands. AND, this is the same people that have their fingers in health care coverage.........
        Sorry, if they're PAID for their service, they had better deliver or get out of the business.

    • "the IRS makes the rules and changes the rules to suite their perceived need."

      C'mon Mr. Phil. You know that CONGRESS makes the rules and changes them to suit THEIR perceived need (think homebuyer credits, education credits, bonus depreciation--all social policy decisions). The IRS only follows the directions congress gives them. What's happened all to often lately is that congress can't make up its mind or break its partisan tug of wars until the new tax season is almost upon us. Then the IRS has to scramble to reprogram everything, redo forms, rewrite pubs, etc. In the past they've done a commendable job getting most of the changes incorporated in time. This year they've had a significant budget decrease, even though they need more people just to handle the new responsibilities for their piece of health care legislation. Just maybe this year they won't be ready in time. Just maybe for the first time ever tax season will just have to start later and last longer. Everyone will blame the IRS of course, while congress (the real culprit) will let them be the scapegoat.

      Anyone know if all those PTIN holders who have yet to take the RTRP exam all are required to take it? CPAs, EAs, attorneys, and "supervised" tax preparers don't have to take it, even though they hold PTINs. Just wonder who's included in those stats.

      • 2 Replies to wishfulthinkin27
      • Makes no sense to take the test a year early, when Congress may change direction after the Nov election. Who knows what the new rules and regulation will be? Will any of us want to work another tax season? There is a prediction that 2013 will see 9% unemployment, and if we count how many quit looking for work, retired, or went on disability, it's going to be a smaller pool of clients that can afford the service. While I'm sure landlords will rise rents, and utilites are reaching a breaking point, If Sch A is gutted, and education credits end that's less forms, which means prices will go down.
        Higher rent, and smaller prices equal only one place to cut....... Labor cost.
        With the price of gas also predicted to rise, depending on how far you live from office, working a 3-4 hour shift might not be worth the effort, especially for newbies that barely make $10 an hour and don't get a lot of hours.
        I don't mean to spread doom and gloom, but I don't ever remember a year of such uncertainty where NO ONE knows what their tax home pay will be in January. 2013 tax bite is unknown, and take home pay will tell the story of how the tax services survive next year. Stats are showing taxes will go up for every one next year regardless of income.
        Health cost did go up, to cover the child under 26, and while many cheer about it, it disappoints me that the child can't find a job to afford their own health coverage. That is NOT a feather in our cap looking at the 20-something as a dependent! I'm now seeing well over $1,000 a month for family coverage from their paychecks. Think about it this way, after tax, health insurance is about the same as a 40 hour week at min. wage.
        1/2 the country says they're better off......... do you think it's the same 1/2 that pays no income tax?

      • wishfullthinking try separating the "apples from the oranges". The string i replied to was about IRS Tax preparer rules that are formulated by the IRS not tax legislation from Congress.

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