Glossary: RTRP

glasses-432902_1280RTRP stands for Registered Tax Return Preparer, a program/designation the IRS tried to get off the ground a few years ago.

The RTRP program would have required unlicensed tax preparers to pass an open-book exam before they could prepare tax returns.

The IRS was taken to court over this program, and they ended up losing a court battle. As a result, , the RTRP program has been shelved.

Further reading in the form of several editorials I wrote between 2012 and 2014:

And for more tax terms explained in (hopefully) simple terms, check out the Glossary page.