Posted by AccountingWEB on 11/23/2011 - 13:05
It's the moment you've been waiting for, at least if you're a tax preparer who needs to be registered by the IRS in order to continue hanging out your shingle. The IRS competency test for tax return preparers is open for business, so you can start queuing up to take the test and get your official "Registered Tax Return Preparer" designation.
Licensed CPAs and lawyers get the right to be snooty about this test and the accompanying designation because, even if you're a CPA who hasn't the foggiest idea what a Form 8582 is and who couldn't calculate the Alternative Minimum Tax if your life depended on it, or a criminal lawyer whose only connection with taxes relates to the tax scofflaws he defends, you get a bye from the IRS on taking the test. Enrolled agents, whom, we would assume, would actually be on top of the tax laws, get to overlook the test as well. For the rest of you, it's time to brush up on the intricacies of the tax law and take your medicine, uh, that is, test.
Licensed CPAs and lawyers get the right to be snooty about this test and the accompanying designation because, even if you're a CPA who hasn't the foggiest idea what a Form 8582 is and who couldn't calculate the Alternative Minimum Tax if your life depended on it, or a criminal lawyer whose only connection with taxes relates to the tax scofflaws he defends, you get a bye from the IRS on taking the test. Enrolled agents, whom, we would assume, would actually be on top of the tax laws, get to overlook the test as well. For the rest of you, it's time to brush up on the intricacies of the tax law and take your medicine, uh, that is, test.
Reader comments
The comments by Rocco should have said that RTRP must satisfactorily complete 15 hours of continuing education every year including 2 hours of Ethics. The 12 hours stated is incorrect.
Posted by Delmar from Virginia on Dec 21, 2011 - 6:14 pm
Your comments about CPA's and attorney's was childish and unprofessional. CPA's are required to complete 40 hours of CPE every year as opposed to 12 for the Registered Tax Preparers.
Posted by Rocco from Colorado on Nov 23, 2011 - 9:48 pm
Send your comments
- 984 reads
