Day: July 8, 2021

Congress introduces tax preparer regulation bill

A pair of lawmakers introduced bipartisan legislation to regulate tax preparers in the latest effort to ferret out unqualified preparers. Rep. Jimmy Panetta, D-California, and Tom Rice, R-South Carolina, introduced the Taxpayer Protection and Preparer Proficiency Act last week. This legislation would enable the Internal Revenue Service to regulate paid tax preparers and mandate minimum…