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In the News: IRS Tax Preparer Fees

1040 formsPatrick Temple-West at Reuters reports that the IRS is getting ready to impose the first comprehensive regulation of the industry's 730,000 practitioners who prepare tax returns. The IRS estimates the licensing fee for some tax preparers at between $250 and $275, which includes one-time fees to take a competency exam and be fingerprinted. (CPAs are exempt from the exam and fingerprint requirement and fees. For decades, CPAs and other credentialed preparers have been subject to state regulation as well as IRS rules for ethical practice and procedures, but many others were not.) The AICPA supports tax preparer regulation, but has expressed concern over the costs of requiring supervised non-signing staff at CPA firms to be fingerprinted "We have serious concerns regarding the level of burden that the user fee regulations will place on CPA firms, primarily small- and medium-size CPA firms," said Patricia Thompson, who chairs the AICPA Tax Executive Committee. The IRS, which plans to finalize the new fees in coming months, recently said it was open to ways to mitigate costs

Danielle Lee, who blogs at Accounting Tomorrow, reported that the AICPA announced the recipients of three accounting curriculum awards. The awards were granted for three teaching levels: the first sequence of accounting, junior and senior-level and graduate-level. The winners’ curricula will join those of past awardees in the AICPA’s new curriculum tool for members, the Accounting Professors’ Curriculum Resource. “The curricula developed by these award winners will serve as the foundation on which many future CPAs will build their careers,” said Jeannie Patton, AICPA vice president, students, academics and membership. Lee also recently covered the news that AICPA announced the winners of the John L. Carey scholarships, awarded annually to students with little or no previous accounting education who intend to pursue graduate degrees in accounting and become CPAs.

Everyone who knows me knows that I love working for the AICPA. I like to think that comes across in the interactions I have with the media, AICPA members, and everyone I work with on a daily basis. However, you don’t need to take my word that this is a great place to work; it has been independently confirmed a number of times over the last few months. AICPA was awarded the Alfred P. Sloan Award for Business Excellence in Workplace Flexibility. This prestigious award, part of the national When Work Works project, recognizes employers of all sizes and types in the Durham community and across the country. The Dave Thomas Foundation named AICPA as the 3rd most adoption friendly not-for-profit workplace in the U.S. and 80thamong all companies. Finally and closest to my heart, PR News recently announced that the AICPA is one of the top places to work in PR in the nonprofits category.

There is going to be a ton of exciting news coming out of the Fall meeting of AICPA’s governing Council next week. To stay on top of it, signup for the Media Relations RSS feed, or follow @AICPANews on Twitter.

Have a great weekend.

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