If the IRS believes taxpayers should control their tax information, why is it considering prohibiting preparers from using return information to market RALs, RACs and audit insurance?
The IRS believes this may be a tax compliance issue. It is concerned that the incentive to enhance RAL and RAC fees may encourage a few preparers to prepare inaccurate returns, especially when it comes to claiming the Earned Income Tax Credit. It is concerned the audit insurance may entice a few preparers to stake out aggressive tax positions. In the advance notice, the IRS is seeking public comments on how best to address this issue.
Related Questions
- If the IRS believes taxpayers should control their tax information, why is it considering prohibiting preparers from using return information to market RALs, RACs and audit insurance?
- What IRS tax form should be used to claim the yearly HCTC on a federal income tax return?
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