Wednesday, November 23, 2011

Here Comes the Big Bad Wolf!

An article posted by the CCH Group points out a well known "scary story type legend " about a army of IRS workers going around to the office of tax preparers to make them aware of their responsibilities, accuracy, and quality of returns. New information has come from IRS about their plans to visit at least 2,100 of the preparers in person during the filing season at their business locations. The IRS also plans on mailing around 19,000 letters to other preparers at the same time as the visits.
The letters and visits will focus on preparers who prepare a large number of returns with Schedules A; Itemized Deductions, Schedule C; Profit or Loss from Business,and Schedule E; Supplemental Income or Loss.

According to the article posted by CCHGroup "the preparers have been selected due to the high percentage of attributes that indicate errors in filing Schedules A, C or E during the 2011 filing season. Included with the letters are enclosures addressing areas of concern regarding those schedules. The letters and visits are an integral part of the effort by the IRS to provide oversight of the preparation industry, as well as to inform practitioners of their responsibilities."

No comments:

Post a Comment