The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: no more tax preparer licensing/education||Date: 1/25/2013 11:32 PM|
|Author: RBMunkin||Number: 117538 of 121144|
"The suit was over the IRS's ability to regulate all tax preparers"
I read that the suit was that the IRS has no legal authority to make up such a regulation; that it's up to Congress, which did NOT do so.
"Granted, a great many of these preparers do a fine job. But the IRS has been out to improve the quality of tax preparers for a number of years. This mandatory program was their attempt at enforcing some standards on the industry. "
Somehow I doubt their real concern is quality. That's like belieeving the FDA's concern is drug safety ;)
Probably more like a fee raising endeavor or some such tactic.
I doubt CPA's have any higher quality than non-CPA's. Not in my experience, nor in the articles I have read.
I've known a few CPA's who hardly knew basic bookkeeping rules. I would trust Turbo Tax before taking their word for anything.
Also, every year there was a test done of a random sample of CPA's whereby they were given a fake scenario on which to prepare a tax return. The results were WIDELY different. One of them, I remember, ranged from a bottom line of 150K tax due to 50K refund. Nice quality control!
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|