By December 31, 2013, all paid tax return professionals are required to
pass a competency test to officially become registered tax return
preparers. To help tax professionals prepare for the comprehensive test
released by the IRS May 1, tax and accounting publisher John Wiley &
Sons worked with The Tax Institute at H&R Block to create the Wiley
Registered Tax Return Preparer Exam Review 2012. The study guide is
written for tax professionals by tax professionals.
There were more than 4,500 tax code changes in the past decade,
expanding the tax code to 70,320 pages. To help tackle tax code
confusion, many taxpayers in the United States obtain assistance to
prepare their individual income tax returns. In fact, paid preparers
filed almost 60 percent of individual income tax returns in 2011.To
protect consumers, the IRS is working to ensure all paid preparers
adhere to professional standards and follow the law.
Announced in January 2010, sweeping IRS reforms will require all paid,
signing preparers to register with the IRS. The majority of paid
preparers (those who are not enrolled agents, attorneys or Certified
Public Accountants) will be required to pass a competency exam and
fulfill annual continuing education requirements. This adds up to more
than 350,000 preparers who will be required to pass the competency exam
by the end of 2013.
Divided into small, digestible sections, the Wiley Registered Tax Return
Preparer Exam Review 2012 provides candidates with the information they
need to know to pass the exam. Complete with extensive examples and a
final exam review, the course provides candidates with a solid
foundation on income taxes and the preparation of an accurate and
complete income tax return. Along the way, it covers specific tax issues
candidates need to be familiar with, including tax theory and law,
conducting a thorough client interview, and offering tax advice and
explanations to clients. Coverage includes:
Strategies to approach unfamiliar areas, organize a study program, and
maximize preparation time;
The individual tax knowledge needed to pass the competency test; and
Test-taking tips as well as insight on how to approach exam questions.
ABOUT THE AUTHOR:
The Tax Institute at H&R Block is the company's independent research
division, providing expert tax assistance and interpretation of tax law.
The Tax Institute combines H&R Block's world-class training experience
with the knowledge of the company's credentialed tax experts to create a
unique exam review based on extensive resources from nearly 60 years in
business, 550 million tax returns prepared, and more than 100,000 tax
professionals trained each year. For more information, visit www.thetaxinstitute.com.
WILEY REGISTERED TAX RETURN PREPARER EXAM REVIEW 2012
Published by John Wiley & Sons, Inc.
Publication date: Available Now
$59.95; Paperback; 536 pages; ISBN: 978-0-470-90561-6
