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July 1, 2009

IRS May Impose Licensing Rules on Tax Preparers

The IRS is considering for the first time requiring income tax preparers to be licensed by the federal government as a way to sniff out fraud and ensure compliance with increasingly complex tax law. IRS Commissioner Douglas Shulman revealed the surprising news in Congressional testimony in early June, saying erroneous tax returns were such a large problem that the United States could...

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