Continuing Education for Tax Preparers
Tax Preparers will have to complete 15 hours of continuing education starting in 2012. These 15 hours will be broken down into 10 hours of federal tax law topics, 3 hours of tax law updates, and 2 hours on ethics. Courses will be provided by numerous IRS approved organizations, and Federal Direct will provide these courses to partners at a discounted rate. Enrolled Agents, CPAs, and Attorneys are exempt from the 15 hour rule, although they still have to maintain their professional continuing education requirements to keep their professional certifications current and in good standing.
Posted: July 14, 2011