In response to:

Chicago Tax Preparer Files Suit Against IRS Power Grab

Steve84 Wrote: Apr 14, 2012 4:40 AM
This is a fairly short article, and I think it's missing something...Maybe some statements about why the IRS decided to pass this legislation. And then some statements from other burdened tax-preparation workers. But congratulations on your first Town Hall article!
Louie13 Wrote: Apr 14, 2012 10:11 AM
Steve, the IRS has no power to pass legislation.

ThasicAlambra Wrote: Apr 14, 2012 10:25 AM
Yes. The article could have pretty much just said the last statement.

The cost of preparing your taxes could go up this year thanks to new IRS regulations.

Nearly 350,000 independent tax preparers and millions of American taxpayers will be affected by the agency's new unlawful licensing scheme. In addition to paying a yearly registration fee, tax preparers are now required to pass a competency exam, complete an unending string of continuing education courses, and could be subject to mandatory fingerprinting.

Enforcement of these new requirements is expected to cost upward of $354 million.

Related Tags: IRS Tax