Lawmakers Seek to Exempt Nonsigning Preparers From Oversight

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IRS and Treasury have not yet responded to an Aug. 2 letter from 30 lawmakers asking that regulators exempt nonsigning tax preparers from their plans to oversee all preparers, Rep. Sherman tells BNA. Sherman and Rep. Conaway, who also are CPAs, want IRS to back off of its plan to include nonsigning tax preparers at CPA firms under the proposed rules (REG-138637-07), saying it will require hundreds of thousands of employees at the firms to register with IRS needlessly. IRS has proposed to require any preparer who prepares all or substantially all of a tax return—whether that preparer signs a return or not—to obtain a PTIN and be tested for competency.

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