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September 26, 2023

When accounting goes unaccounted for

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IRS

The Distaste for IRS’ Tax Preparer Regulations Has Reached Its Apex

by Caleb Newquist

The only question is, why did it took take so long?

A nonprofit group plans to sue the Internal Revenue Service and argue that the agency’s effort to regulate tax-return preparers is unlawful. The Institute for Justice, an organization in Arlington, Virginia, that seeks to protect individual liberties, said in a statement it will file the lawsuit tomorrow in U.S. District Court in Washington. “They’re wildly overextending their actual authority granted by Congress,” said Dan Alban, an attorney at the institute who is representing three tax-return preparers. 
[via Bloomberg]

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