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The Registered Tax Return Preparer Test was a test produced by the U.S. Internal Revenue Service (IRS). Until the program was suspended in January 2013, the IRS had implemented rules requiring that certain individuals who wanted to work as tax return preparers pass this test to demonstrate their ability to understand U.S. tax law, tax form preparation and ethical requirements.
In 1994, the exam was restructured into a four-section, two-day exam. The subject matter was reorganized, primarily between Accounting Theory and Accounting Practice (Parts I and II). In addition, innovative machine-scorable test questions were incorporated to better assess the skills needed by CPAs to protect the public.
Take this GOBankingRates tax quiz to see if you know the answers to the most important tax questions for the average American. Take the tax quiz now! More From GOBankingRates
A Registered Tax Return Preparer is a former category of federal tax return preparers created by the U.S. Internal Revenue Service (IRS).. In January 2013, the IRS announced the suspension of the program because of a ruling on January 18, 2013, by Judge James E. Boasberg of the United States District Court for the District of Columbia.
Tax Preparation Can Save You Money Overall Despite Paying For It The deductible preparation fees and the uncovering of missed deductions or credits translate into the filer saving more money overall.
Intuit offers free tax preparation software for individuals filing simple tax returns through TurboTax. A simple return is a basic 1040 form, which generally includes W-2 and unemployment income ...