Treasury, IRS Withdraw Tax Return Preparer Oversight Proposal

The Treasury Department and IRS withdrew proposed rules regarding which tax return preparers are eligible to obtain a preparer tax identification number.

The withdrawn proposed rules (REG-124791-11, RIN 1545-BK37) were released in 2012 and would have provided for two additional categories of tax return preparers eligible for a PTIN under a regulatory framework that would have imposed minimum qualification requirements on who could be a tax return preparer.

But a 2014 appeals court decision in Loving v. Internal Revenue Service prohibited the IRS from regulating tax return preparers, prompting Treasury and IRS to withdraw the proposed regulations, according to the ...