RTRP 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 ended up losing a court battle, and the RTRP program was shelved.
One accountant’s opinion on how tax preparers should be regulated.
I haven’t said anything about regulation of tax preparers in a long time, even though the IRS is now proposing a new, voluntary system for regulation of tax preparers, because my opposition to new designations has always been consistent. But there’ve been some posts about this on other tax blogs lately, and the National Association […]
Here’s something that’s been bothering me: I oppose government regulation of tax preparers. There’s a strong argument against more government intervention. And there’s a high likelihood that the regulation would be a failure. And there’s also a strong argument that Enrolled Agents would be hurt because we’d fall further to the fringes of the tax […]
UPDATE 1/10/14: Robert Flach has responded to this post with his own post, which you can find here. In response to his question to me at the end of his post: (D)oes this post change your opinion in any way? And what about my idea for a 2-tiered program? I am opposed to the 2-tiered program. Any […]
Enrolled agents toil in obscurity. I’ve written about this before, such as this article where I ponder why EAs are such a crabby lot. And this article, where I equate CPAs to the United States and EAs to Liechtenstein. EAs spread around plenty of blame for our obscurity. We blame our designation — the fact […]
The latest issue of the “EA Journal” from the National Association of Enrolled Agents arrived in my mailbox earlier this month. I read with great interest what the NAEA talking points were regarding tax preparer regulation at a legislative day NAEA held in Washington, D.C. in May. As always, NAEA is in favor of preparer […]
It’s been a long, long time since I’ve written a long, rambling, stream-of-conscience blog post full of side notes and parenthetical references. But when I sat down to write this post, a whole lot of thoughts came out. So here, in 600+ words, is my opinion on the apparent death of the RTRP designation, and […]
I’m an Enrolled Agent, and no, I don’t plan to take the RTRP exam.
Will RTRPs unseat CPAs in the public’s eye as the premier “tax expert”? I have my doubts.