The IRS is requiring registered tax return preparers to take a test as part of an ongoing effort to enhance oversight of the tax preparation industry. Preparers that pass this test, a background check and tax compliance check as well as complete 15 hours of continuing education will have the new designation: Registered Tax Return Preparer. Those who already have a provisional preparer tax identification number (PTIN) from the IRS will need to pass the exam by December 31st, 2013. Attorneys, CPAs and EAs (Enrolled Agents) are not required to take this test nor the CE mandate [Circular No. 230 (Rev. 8-2011)]. Since many of our customers will need help in preparing for the exam or as part of their continuing education (CE), we have partnered with Fast Forward Academy and The Income Tax School to bring test preparation and CE offerings to our customers. The education is offered at a competitive price and is even discounted in some cases when linking to these partners through either the TaxWorks or 1040Works websites.
Find more information about the Registered Tax Return Preparer at the links below.