IRS Advised to Keep Usual Approaches in Approving Preparer Continuing Ed

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

The National Association of Tax Professionals recommends that IRS retain uniform conventional approaches to approving continuing education programs for tax preparers under IRS's new tax preparer oversight regime. The main criteria for accrediting organizations has already been set forth by IRS: they must have minimum education standards comparable to those set forth in Circular 230, NATP says. But NATP adds two more criteria: that an accrediting organization should not itself be allowed to be a continuing education program provider and that an accrediting organization should be a national organization that has the systems, processes, and procedures in place to fulfill the requirements in Circular 230.

Request Daily Tax Report