IRS Issues Notice on Preparers Supervised by Others

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IRS issues Notice 2011-6 implementing new Treasury Department rules governing tax preparers, allowing certain individuals who are not attorneys, certified public accountants, enrolled agents, or registered tax return preparers to get a PTIN and prepare or assist in the preparation of all or substantially all of a tax return. However the individual must be supervised by an attorney, CPA, enrolled agent, enrolled retirement plan agent, or enrolled actuary who signs the returns or claims for refund prepared by the individual. Individuals applying for a PTIN under the provisions will be required to certify on the PTIN application that they are supervised by one of those practitioners and provide a supervising individual's PTIN or other number IRS might prescribe, the notice says.