The IRS Regulates Mom-and-Pop Tax Preparers Out of Business, Just in Time for Tax Season!

As the year comes to a close, those W2s and 1099s are set to
start rolling in. But on December 31, new IRS regulations will go
into effect that will put mom-and-pop tax preparers out of
business. The Institute for Justice has been fighting to delay or
stop implementation of the new rules, but it looks like the good
guys aren’t going to win this one in time for the 2012 tax
season:In a twist that will surprise exactly no one, H&R Block and
the other big tax prep firms are on board with the new rules, which
throw up additional certification requirements, continuing
education mandates, and other expensive barriers to entry for their
smaller competitors. The regs are part of an IRS power grab—there was no
congressional authorization for these new regulations. But hey! Since the budget mess is likely to
delay the processing of tax returns this year anyway, you might
as well take your time and figure out how to do your returns
yourself this cycle, right? You probably won’t be seeing that
refund check for a while no matter what.

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The IRS Regulates Mom-and-Pop Tax Preparers Out of Business, Just in Time for Tax Season!


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