The AICPA's vice president-taxation, Edward Karl, testified at an Internal Revenue Service hearing Friday about proposed changes to Circular 230 that would implement parts of the IRS' plan to regulate tax return preparers. The AICPA also submitted a comment letter to the IRS on the same subject on Thursday. In his testimony, Karl expressed concern about several aspects of the plan and made recommendations concerning nonsigning preparers, the plan's testing and continuing-education requirements, and other issues. Read Karl's testimony and the AICPA news release for more information.
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