Return preparers – professional obligations

The professional conduct of paid US tax return preparers is heavily regulated under the Internal Revenue Code. It is timely to note that return preparers cannot, under any circumstances, negotiate or cash a taxpayer’s tax refund check. Even authorization to...

The confidentiality privilege

Federally authorized practitioners are able to afford clients the benefit of the confidentiality privilege for US tax advice that is otherwise available to attorneys under common law. The confidentiality privilege is restricted to tax advice, and not items in an...

IRS focus on return preparers

Late April 2011 the IRS announced that enforcement of the new return preparer rules has commenced, with the initial focus being on preparers with criminal convictions. A comparison of Preparer Tax Identification Numbers (PTIN)s against a database held by the IRS’...
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