Big Players Take Opposite Positions on Competency Testing for Preparers

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Two of the biggest players in the tax preparation industry take opposite positions on the type of competency testing that should be required of tax preparers under IRS's new oversight regime. H&R Block says IRS should not base the test on the special enrollment examination required of enrolled agents, while the National Association of Enrolled Agents, whose members take that test, say all tax preparers should have to take a portion of it.