Fingerprints?

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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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