Well the Senate is finally acting! Two Senators on the finance committee are introducing legislation to give the IRS authority to regulate tax preparers.  The federal courts in the Loving case had determined that the IRS lacked this authority under current law.  See the breakdown in the following article by Michael Cohn in Accounting Today:

http://www.accountingtoday.com/news/government-news/senators-unveil-bill-to-regulate-tax-preparers-73270-1.html?utm_campaign=daily-jan%209%202015&utm_medium=email&utm_source=newsletter&ET=webcpa%3Ae3623068%3A2498807a%3A&st=email

This is obviously only the first step in a long path to get the IRS authority to regulate tax preparers.  Hopefully if they get this authority they will not abuse it by forcing a lot of unnecessary purchases on preparers to fund the program (who am I kidding?)

       For financial,  accounting and tax musings,