Abstract
The tax preparer industry is unusual in that it involves the interpretation of an intricate and complicated tax code, but imposes no minimum requirements of competency because the industry is largely unregulated. A study by the Government Accountability Office (GAO) indicated that unregulated tax preparers commit significantly higher error rates and, based in part on that study’s findings, the Internal Revenue Service (IRS) attempted to regulate the tax preparer industry nationwide under the Registered Tax Return Preparer (RTRP) regime. This RTRP program was invalidated in Loving v. IRS, however, leaving the industry largely unregulated, except in the small minority of states that have enacted tax preparer regulations.
Repository Citation
Jessica A. Magaldi, Matthew Reidenbach, Jonathan S. Sales, and John S. Treu,
Is It Time for Federal Regulation of the Tax Preparer Industry? New Insights from Legal and Empirical Developments,
106 Marq. L. Rev. 543
(2023).
Available at: https://scholarship.law.marquette.edu/mulr/vol106/iss3/4
Included in
Taxation-Federal Commons, Taxation-Federal Estate and Gift Commons, Taxation-State and Local Commons, Taxation-Transnational Commons, Tax Law Commons