Appeals Court Ruling Means Tax-Preparers Will Continue To Go Largely Unregulated

Appeals Court Ruling Means Tax-Preparers Will Continue To Go Largely Unregulated

The federal government’s attempt to rein in the virtually unregulated tax-preparation industry was dealt a serious blow this morning after a federal appeals court upheld a lower court ruling that the IRS overstepped its authority by trying to require registration and testing for all tax preparers. [More]

When 47 States Have Stricter Regulations On Barbers Than On Tax Preparers, Mistakes Are Going To Be Made

When 47 States Have Stricter Regulations On Barbers Than On Tax Preparers, Mistakes Are Going To Be Made

If you visit a legitimate barber, hairdresser, or cosmetologist in any state in the U.S., that person will have gone through some sort of state-mandated education, testing, and licensing procedure. Yet only three states have any substantive requirements for someone employed as a tax preparer. Not surprisingly, a new report finds that this lack of quality control results in a large amount of errors, fraud, and abuse. [More]

Walmart Asks You To Come For The Free Tax Prep, Stay For The People-Watching

Walmart Asks You To Come For The Free Tax Prep, Stay For The People-Watching

In what seems to be an effort to lure customers, especially those in the mood to spend after procuring a sizable tax refund, Walmart is offering free tax preparation services for those whose finances aren’t complicated. [More]