Federal Tax Preparer Information


IRS Annual Filing Season Program

This IRS voluntary program aims to recognize the efforts of non-credentialed return preparers who aspire to a higher level of professionalism. Practitioners can meet the requirements by renewing their PTIN, obtaining 18 hours of continuing education, including a six hour federal tax law refresher course and test and consenting to adhere to specific practice obligations outlined to Circular 230 to receive an Annual Filing Season Program – Record of Completion from the IRS.

Beginning January 1, 2016, rules about who may represent clients before the IRS changed. Attorneys, certified public accountants and enrolled agents will continue to have full representation rights for all clients before all IRS offices.

Annual Filing Season Program Record of Completion Holders will have limited representation rights, meaning they can represent clients whose returns they prepare and sign, but only before examination, customer service representatives, and the Taxpayer Advocate Service. (To have limited representation rights, you must participate both in the year of return preparation and the year of representation).

Other tax return preparers who do not participate in the Annual Filing Season Program will not be permitted to represent any clients before the IRS for tax returns and claims for refund prepared and signed after December 31, 2015.

Additionally, by participating in the Annual Filing Season Program, you will be included in the "Directory of Federal Tax Return Preparers with Credentials and Select Qualifications" at www.irs.gov/chooseataxpro.

Learn more about the requirements necessary for participation in the AFSP, visit https://www.irs.gov/tax-professionals/general-requirements-for-the-annual-filing-season-program-record-of-completion.

Uniform Accountancy Act

The Uniform Accountancy Act (UAA) is model accountancy legislation developed by the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants. No state that has adopted the UAA has done so in its model form—each state has modified the bill to suit its particular needs and political environment. NSA members must be vigilant to protect their practice rights.

While enactment of many sections of the UAA is beneficial to both accountants and the public, NSA has identified four priority areas of concern to its members (licensed and unlicensed):

  • The right to prepare compilations;
  • The ability to use acceptable safe harbor language, preferably embodied in the statute, rather than through board rule;
  • The use of language and titles appropriate to the services rendered—the right to use earned credentials;
  • Retention of equivalency for currently registered or licensed Public Accountants.

Click here for the: 2018 Uniform Accountancy Act, Eighth Edition
Click here for the: 2018 Uniform Accountancy Act Model Rules
Click here for the: UAA Model Rules Exposure Draft, January 2019

FRFs for SMEs

The AICPA has issued its Financial Reporting Framework for Small- and Medium-Sized Entities. The FRF for SMEs™ accounting framework is designed specifically for the small business community. It delivers financial statements that provide useful, relevant information in a simplified, consistent, and cost-effective way. The FRF for SMEs™ framework may be used when GAAP financial statements are not required. 

We present this information to NSA members as one option that may help you in your practice. The AICPA website has a plethora of information as well as resources to help you learn about the product in order to determine if it benefits you. Follow the links below to learn more.