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RTRP Update:

In response to the recent court ruling which precludes enforcement of the RTRP requirements, the IRS has issued a statement acknowledging that tax preparers do not currently have to meet these requirements, which include registration, competency testing and continuing education.
The IRS is still confident that it has the authority to administer these regulations, and is working with the Department of Justice to determine the best way to proceed.

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The Taxing Subjects staff is proud to cover the latest in tax-industry-related news, from tax law and IRS updates to technology and business strategies. If you have questions about an article or just want to reach out to the Taxing Subjects staff, email comments@taxingsubjects.com.

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