Fingerprints?

Hats off to the AICPA for stepping in and suggesting to the IRS that maybe requiring CPAs and other tax preparers to be fingerprinted is going just a bit too far. Right now, the proposal for fingerprinting doesn't extend to CPAs, but it wouldn't hurt to have that part in writing once the permanent regs are created. I'm still waiting to hear how registering my fingerprints will make me a better tax preparer.

And for those marginal tax preparers who might be plotting the next big tax loophole rip-off scheme ala the Earned Income Tax Credit, phony business entities, or the first time homebuyer credit, well they're going to be fingerprinted anyway once they get caught, so doesn't it make more sense to devote the time and energy into closing loopholes and reviewing tax returns for improper claims? Just saying....


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Caleb Newquist is the Editor-in-Chief of Sift Media US, overseeing content for both AccountingWEB and Going Concern.

Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.

Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.

Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.

Caleb spends a lot of time on a bicycle and reading, but never at the same time.

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