Since the DC Court of Appeals upheld the district court ruling in Loving v. IRS –
which determined that the IRS does not have the authority to require
certification exams of tax preparers – the IRS will issue refunds to
those who took the Registered Tax Return Preparer (RTRP) test. The IRS
will mail a letter on May 28 followed by checks on June 2; they estimate
$10,324,000 will be refunded.
The press release also notes that the
Obama Administration’s 2016 budget grants the IRS authority to regulate
tax preparation, which could lead to future certification tests being
developed and implemented.
To read the full press release, click here.
Sources: Internal Revenue Service, District of Columbia Court of Appeals
No comments:
Post a Comment