The IRS competency test for tax return preparers is open for business

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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.

 

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