This CPA Not Rooting For AICPA In Its IRS Lawsuit
The IRS had wanted to put some requirements around who could get a PTIN requiring an exam and continuing professional education for those without an existing recognized credential, but a lawsuit struck that down. So instead, the agency started an optional program – the Annual Filing Season Record of Completion. PTIN holders who jumped through the appropriate hoops would get one of those suckers (I don’t know whether they are suitable for framing) and, here is the big deal, be listed in this database along with the PTIN holders who are qualified to represent taxpayers before the IRS. That would be CPAs, attorneys, enrolled agents, enrolled actuaries and enrolled retirement plan agents.
Republicans Want IRS To Target Hillary Clinton
I leave it to the reader to determine how grave a matter this is, but I feel an obligation to be fair to the poor fellow who signed as paid preparer. I don’t know him personally but I recognize his firm’s name. You have to go look if you want to find out. Here is my confession. That error probably could have gotten by me too. The error would likely have been made by someone at a very low level, conceivably someone in India, although I’m not sure how much 990 outsourcing is going on. Ironically, if someone had entered $39,040,513 instead of $39,040,613, that would have been caught since it would make totals not agree, By transposing two numbers within a subtotal though only someone with a sharp eye would catch it.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.