For insight into the recent return preparer legislation, take a look at the following article from AICPA's CPA2Biz.com:
On Feb. 11, the D.C. Circuit Court of Appeals affirmed the district court’s decision that the IRS lacks statutory authority for a key part of the program it rolled out in 2010 to regulate paid return preparers (Loving, No. 13-5061 (D.C. Cir. 2/11/14), aff’g No. 1:12-cv-00385 (D.D.C. 1/18/13)). This decision is a significant blow to the IRS’s plan to require perhaps up to 350,000 preparers to become registered tax return preparers (RTRPs). This article provides a brief background leading up to the litigation, a summary of the decision, and possible next steps for the IRS. Read more.