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Don't you feel more competent already?

September 30, 2010

The IRS is still working out the kinks in its new system where all preparers will have to register for a new identification number. Tax Analysts reports ($link) system breakdowns and an entry field for preparer "CAF" numbers that was one digit short of the amount of digits in CAF numbers.

Russ Fox says he got registered without a hitch, but he has a nagging question:

As for getting $50 of value from this process, that remains to be seen.

Especially the part where even non-signing assistant preparers -- whose ID number will appear nowhere on the return, making their registration useless for monitoring and enforcement -- have to pay $50, plus the $14.25 to Accenture for running the system.