No one at the Gem State’s tax commissionwants to shut down a pumpkin stand operated by sibling 4 and 6 year-olds but this is not ‘Nam, THERE ARE RULES:
A representative of the tax commission stopped by the home of Dan and Kami Charais Friday and asked for the stand’s closure. The Charais’ 4- and 6-year-old children are operating the stand to raise money for school sports.
The tax commission representative who stopped by the home said she was not at liberty to talk about the incident when reached by phone this afternoon.
A representative for the tax commission in Coeur d’Alene when reached by phone today said it is not the state’s intention to shut anyone down but to educate them about state policy.
We just assumed that everyone in the accounting biz was on the same page here but boy we’re we wrong. The National Society of Accountants sent this letter to Treasury honcho Geithner stating that they don’t want any tax preparers exempted from obtaining a PTIN (among other complaints):
What’s especially interesting is that the AICPA is not named in this letter once, however they are named specifically in the NSA’s press release:
Now, at the 11th hour, just before the registration process is scheduled to begin, some – including the American Institute of CPAs – are demanding that staff members of ‘CPA firms’ be exempted from the registration requirements. This flies in the face of why this registration program was set up. The point of the new regulations is to ensure that all tax preparers are accountable for their work in preparing returns, and that should include anyone who paid to prepare all or substantially all of a return, no matter where they may work.
The basic tenet here is that big firms will get away with letting the underlings preparing the returns not be held accountable for their (apparently) shoddy work. The NSA’s position is that if every single legit tax professional is registered then they can track down the shitty ones and the IRS can act accordingly. The NSA claims that the “loophole” proposed by the AICPA will let these amateurs skate the testing and registration requirements and thus won’t be serving taxpayers one iota.
On the one hand you might have been totally against the tax preparer regulations from the start but now that they’re unavoidable, the AICPA’s request for exemptions in some cases may burn the unlucky bunch that wouldn’t get to enjoy waiver.
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No one at the Gem State’s tax commission wants to shut down a pumpkin stand operated by sibling 4 and 6 year-olds but this is not ‘Nam, THERE ARE RULES:
