Accounting & Bookkeeping & Small Business Forum

[Guest]

SENATE COMMITTE HAS JUST PASSED AND SENT TO THE FULL SENATE THE GOOD GOVERNMENT ACT OF 2004

1 ALL TAX PREPARERS WHO PREPARE MORE THAN 5 RETURNS WILL HAVE TO E-FILE
2. ALL TAX PREPARERS WILL HAVE TO PASS AN ANUAL EXAM AND PAY A FEE TO IRS FOR LICENSE IF PREPARE MORE THAN 5 RETURNS A YEAR
3. TAX PREPARERS WILL BE COVERED BY NEW ETHICS REGULATIONS JUST LIKE EAS AND CPAS ARE NOW
4. NEW REGULATIONS AND DISCLOSURES WILL BE REQUIRED FOR ALL RAL PROVIDERS.
5 THE FEES COLLECTED FOR TESTING WILL BE EARMARKED FOR EIC COMPLIANCE MEASURES.

[Guest]

Richard,

Thank you so much for this. This is extremely helpful.