Taxpayer Assistance and Service Act Title V: Tax Return Preparers

This article is the fifth in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the Internal Revenue Service (“IRS”). This article examines the provisions of Title V of the TAS Act, titled “Tax Return Preparers.” Title V establishes comprehensive minimum standards for paid tax return preparers and penalties for violating those standards.... By: Fox Rothschild LLP