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To set minimum standards for tax return preparers.
12/18/2024, 9:05 AM
Summary of Bill HR 10461
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.
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.
Current Status of Bill HR 10461
Bill HR 10461 is currently in the status of Bill Introduced since December 17, 2024. Bill HR 10461 was introduced during Congress 118 and was introduced to the House on December 17, 2024. Bill HR 10461's most recent activity was Referred to the House Committee on Ways and Means. as of December 17, 2024
Bipartisan Support of Bill HR 10461
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
4Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10461
Primary Policy Focus
Alternate Title(s) of Bill HR 10461
To set minimum standards for tax return preparers.
To set minimum standards for tax return preparers.
Comments
Sponsors and Cosponsors of HR 10461
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