IRS Asks Congress For Help Regulating Tax Return Preparers

Law360, New York (March 19, 2014, 1:55 PM EDT) -- The Internal Revenue Service is urging Congress to pass legislation that would give the agency new power to regulate independent tax return preparers after a federal appeals court ruled last month that the regulator is unable to do so on its own.

The IRS' request was included in a series of revenue proposals from the U.S. Department of Treasury that were released earlier this month by the Obama administration. Getting the request through Congress will likely be difficult given some lawmakers hostile attitude toward the IRS,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.