Grant IRS Authority to Regulate Paid Tax Preparers? (GAO recommendation)

Rapid Robert

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Grant IRS Authority to Regulate Paid Tax Preparers? (GAO recommendation)

12-13-2022, 09:21 PM

TheTaxBook (our forum host) tax industry news for subscribers recently posted the following article:

"GAO Recommends Congress Grant IRS Authority to Regulate Paid Tax Preparers"

Paid Tax Return Preparers: IRS Efforts to Oversee Refundable Credits Help Protect Taxpayers but Additional Actions and Authority Are Needed

https://www.gao.gov/products/gao-23-105217

IRS estimated that $26 billion in refundable tax credits were for the wrong amount or missing documentation in FY 2021. Millions of taxpayers claimed...

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