IRS Guidance to Cover Transition Period, User Fees, for Newly Registered Preparers

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The Internal Revenue Service expects to publish two additional guidance items relating to registration of tax preparers—one on user fees, and the other interim guidance that will cover tax preparers who receive a preparer tax identification number (PTIN) before testing for competency is available—IRS special counsel Richard Goldstein said May 7. The interim guidance will cover “a transition period as we go from having just the PTINs, to having PTINs, competency testing, and continuing education requirements all up and available,” Goldstein, IRS special counsel in the Office of Chief Counsel, told the American Bar Association Section of Taxation May meeting.