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Does this mean we can ignore the preparer regulations until we sign a 'memorandum of understanding' with IRS?

February 03, 2011

From the TaxProf:

Following up on last month's post, IRS Refuses to Take Steps to Cut Down on Prisoner Tax Fraud: the IRS and Bureau of Prisons yesterday announced that they have signed a memorandum of understanding to enforce a 2008 law allowing the IRS to share prisoner tax return information with the Bureau of Prisons to eliminate prisoner tax fraud.

It's nice of them to take time away from their preparer regulation power grab to actually comply with the law.

Tags: preparer regulation.tax administration.

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