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district court ruled that the IRS's registered tax return preparer program exceeds its statutory authority and enjoined it from enforcing the regulations (Loving, No.
Since many accounting majors will be involved in tax preparation during internships or post-college careers, the basics of the new IRS return preparer program and its related changes to rules of conduct should be covered in accounting majors' required tax courses.
Preston Benoit, Deputy Director, IRS Return Preparer Office will review the return preparer program and provide updates and clarification to the program.