AICPA Faces Tough Questioning as Preparers Seek Rule Revisions

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AICPA faces tough questioning from IRS regulators at a hearing on proposed rules (REG-138637-07) that would include unenrolled tax preparers among those governed by the Office of Professional Responsibility under Circular 230. AICPA is among a dozen groups who make their case and field questions about various revisions to the service's proposed plan for regulating tax preparers by requiring them to register with IRS and, in many cases, undergo testing. Thomas Kane, IRS special counsel in the Office of Chief Counsel, quizzes Edward Karl, AICPA vice president of taxation, on how IRS would supervise offshore tax preparers if the service grants an exemption for non-signing tax preparers.

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