HB258 Alabama 2016 Session

Summary

Primary Sponsor

Rod Scott

Democrat

Session

Regular Session 2016

Title

Individual taxpreparers, registration and regulation of by Dept. of Revenue, established, accountants and attorneys exempted, Alabama Taxpayer Protection and Assistance Act

Description

Under current law, Certified Public Accountants, Attorneys, and Enrolled Agents are required to obtain a license or certification in order to prepare tax returns in Alabama.

However, there are few provisions in place to protect consumers against individual income tax preparers that repeatedly misrepresent information on their tax returns.

This legislation would require certain tax preparers to register with the Department, prior to preparing returns, which will help regulate services, prohibit unregistered persons from performing said services, and establish penalties for violators.

It would also establish qualifications for registration, requirements of disclosures to consumers, and exemptions to those obligated to register.

The legislation also establishes an Individual Tax Preparers Fund that will be used to provide for the cost associated with the administration and enforcement of this act.

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Subjects

Tax Preparers