July 10, 2013
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One of the hot topics at our recently concluded tax schools was the preparer registration rules that IRS has developed. Now, those rules have changed again. In Notice 2011-6, IRS has said that the competency testing requirement won't apply to non-signing preparers in law, accounting or actuary firms as well as for enrolled agents. In addition, all supervised staff in such firms is also excluded from the examination and continuing education requirements of Circular 230 that were in the proposed regulations.
While the rules are still in place, this modification will be helpful.
To read Notice 2001-6, IRS Preparer Regulations.pdf