H&R Block Backs Voluntary Tax Certification Program

H&R Block Inc. has taken the forefront to elevate industry standards in tax preparation by supporting a new voluntary certification program initiated by the Internal Revenue Service.

Tax preparers who voluntarily enroll in continuing education courses covering basic tax filings, tax updates, ethic of tax preparation and other related issues will now receive a record of completion noting their efforts. The purpose of the IRS program is to help taxpayers find qualified individuals to prepare tax returns and to help them avoid unethical practices. A study indicating that 42 million Americans have used a tax preparer with no credentials and who operates under no state regulations or minimum standards is the impetus for this program. That figure represents about 54 percent of all returns prepared by someone other than the tax filer.

In a letter supporting the program, H&R Block CEO Bill Cobb encourage the United States government to continue promoting voluntary certification actions, indicating that his company believes the U.S Congress should set standards for professional tax preparers. Until Congress passes such legislation, however, Cobb believes a voluntary certification program is essential to protect the concerns of consumers. Such a program should also include components of the Registered Tax Return Preparer Program that the IRS previously implemented, including registration, competency measures, screenings and continuing education.

Cobb has previously commented that on an appeals court ruling that the IRS cannot regulate tax preparer, indicting that the ruling hurt honest taxpayers who are entitled to basic protections.

Kansas City-based H&R Block is one of few companies that requires minimum standards from its staff. All company tax preparers must have at least 75 hours of tax law and tax return courses in the first year of employment with 15 hours of continuing education for each subsequent year. Also required is 35 hours of system, policies and procedural training.

Tax Carnival Ecstasy – October 23, 2012

Tax Act

Welcome to the October 23, 2012 edition of Tax Carnival Ecstasy. In this edition we start with Anisha from the NerdWallet who takes a look at oil companies and the taxes they pay. Bill Smith reviews H&R Block‘s small business tax software. Anna Deguzman looks over the Fiscal Cliff and how the two presidential candidates will handle the crisis. Finally we have four easy ways to save money on your taxes that you can implement before the year ends. Hope you get a chance to read all the posts here, bookmark for later, share on the social networks like Twitter and Facebook and follow the carnival in the future.

tax law

Bill Smith presents File Your Taxes posted at 2010Taxes, saying, “When it comes to online tax filing security is the major issue. Many people may like the concept or many might look down, most of them may feel worried about putting their information all on the internet and doubt that is it actually safe and secure to submit your tax return this way.”

taxes

Bill Smith presents Gay Marriage Increases Federal Tax Headaches posted at 2008 Taxes, saying, “The advent of a new era in our nation’s history brings with it more than gay marriage acceptance; we are witnessing the dawn of a new era of federal tax headaches.”

Bill Smith
presents 2010 Tax Credits For Your Home posted at 2010 Tax, saying, “For those of you thinking of buying a new home but are not sure about the 2010 tax credits, maybe this will help you.”

[email protected]
presents Should oil companies pay higher taxes? Prof. Ho explains the economics of optimal taxation posted at NerdWallet, saying, “Should oil companies pay higher taxes? Prof. Ho teaches the economics of optimal taxes for the purpose of reducing the federal deficit.”

Bill Smith presents Tips to Get TurboTax Discounts posted at 2009 Tax, saying, “Turbotax software comes in various different versions like Premier, Deluxe, etc. Turbo tax software is used to prepare both State & Federal Income Tax Returns.”

Bill Smith
presents How to get online tax refunds with H&R Block? posted at 2008 Taxes, saying, “Nowadays there are many tax filing programs available online, but even today most of the people think twice while filing their income tax returns using these online programs.”

Bill Smith
presents H&R Block- Small Business Tax Software Review posted at 2009 Taxes, saying, “H&R Block is one of the best tax preparation software used worldwide. Today more than 500 million clients mainly in Australia, the U.S., and Canada use H&R block.”

[email protected] Obama vs. Romney vs. The Fiscal Cliff posted at NerdWallet Blog – Credit Card Watch, saying, “What change will the impending “fiscal cliff” bring? The nerds weigh in on the issue and the roles the presidential candidates could play.”

tips

Bill Smith presents FreeTaxUSA- Prepare your Taxes Yourself posted at 2011 Taxes, saying, “There are several tax preparation programs available online. Let’s begin with a very simple and a detailed review.”

John Schmoll presents 4 Simple Ways to Save Money on Taxes Before Year End posted at Frugal Rules, saying, “Tax season is quickly approaching us. Don’t fall behind and wait til the last minute to prepare for it. There are numerous things you can do now to help save you money and give less to Uncle Sam.”
That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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