Senior Director of Federal Tax Policy
The Senate Finance Committee is scheduled tomorrow to consider Chairman Orrin Hatch’s bill to combat identity theft and tax refund fraud. It should take this opportunity to restore a provision in a previous version of the bill that required paid tax return preparers to meet a basic standard of competence. Tax returns can be complicated and there’s a lot of money involved; the people paid to fill them out need to know what they’re doing. Right now, many don’t:
All the data point to a significant problem among a significant group of preparers, and any political hesitation about giving the IRS more authority doesn’t justify ignoring it. The committee needs to act.