IRS Grip On Tax Preparers Will Weaken Without Legislation

Law360, New York (January 13, 2015, 5:33 PM EST) -- Absent legislation explicitly granting the Internal Revenue Service the ability to regulate otherwise unlicensed tax-return preparers, the agency’s oversight, already substantially limited by the courts, may further erode under added legal challenges, experts say.

Last week Ranking Member Ron Wyden, D-Ore., and Sen. Benjamin Cardin, D-Md., of the Senate Finance Committee introduced a bill that would extend the IRS' oversight of practice before the agency, to include the preparation of tax returns and refund claims — activities that the courts have said the IRS and its Office of Professional Responsibility cannot regulate.

Christopher S. Rizek of Caplin & Drysdale Chtd. said...

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