To set minimum standards for tax return preparers.

Bill 118 hr 10461, also known as the "Tax Return Preparer Minimum Standards Act," aims to establish minimum standards for tax return preparers in the United States. The bill seeks to ensure that tax preparers meet certain qualifications and adhere to ethical guidelines when assisting individuals and businesses with their tax returns.

Under this legislation, tax return preparers would be required to pass a competency exam and undergo continuing education to stay up-to-date on tax laws and regulations. Additionally, the bill would establish a code of conduct for tax preparers to follow, including guidelines on confidentiality and accuracy in preparing tax returns.

The goal of this bill is to protect taxpayers from potential fraud and errors by ensuring that tax preparers are properly trained and held to a high standard of professionalism. By setting minimum standards for tax return preparers, the bill aims to increase transparency and accountability in the tax preparation industry. Overall, the Tax Return Preparer Minimum Standards Act seeks to improve the quality of tax preparation services and enhance consumer confidence in the tax filing process.