Society Encourages NC Tax Preparers to Schedule IRS Exam Soon

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All income tax preparers who are not CPA's, Enrolled Agents, or Attorney's are now required to pass a minimum competency exam by December 31, 2013. In North Carolina there are over 22,000 tax professionals of this total an estimated 12-15000 are required to take the test. The North Carolina Society of Accountants is encouraging the state's tax professionals to be proactive and take the exam as soon as possible.

Identity theft, tax crimes, and fraud are in the headlines daily. To combat the increase in criminal activity the IRS is taking many steps to strengthen the integrity of our nation's tax system.One of the major steps is the implementation of the Registered Tax Return Preparer (RTRP) program. This new mandate requires all tax preparers who are not licensed as a CPA, Enrolled Agent, or Attorney to pass a one time minimum competency examination and attend 15 hours of continuing education classes annually in topics of federal tax law and updates, including two hours of ethics. Prior to the new initiative there was no minimum competency or education requirement for unlicensed preparers.

In North Carolina there are over 22000 tax professionals, of which it is estimated that 12000-15000 are unlicensed and required to take the competency examination. The North Carolina Society of Accountants (NCSA) represents the non-CPA accounting profession in the state and is encouraging tax professionals to schedule their exam as soon as possible. “Many of our members and the tax professional population at large have not taken a test in a number of years. They are anxious and stressed over the new requirement, and our society is working to provide testing information, study groups and networking through our chapters to alleviate some of the stress”, said Cheryl Hudson, NCSA President. To schedule the exam tax professionals must register through their online IRS Preparer Tax Identification Number (PTIN) account at http://www.irs.gov/ptin.

The test is being administered by IRS through the services of Prometric testing centers across North Carolina and nationwide. “If tax preparers delay taking the test, they must realize that the testing centers have only a limited number of seats and will become overwhelmed as the testing window draws to a close in December 2013. If you wait and then fail the exam your time for additional study and retakes will be severely limited”, said NCSA board member James Upton.

NCSA is offering RTRP study groups this fall at its chapters across the state. In an effort to bring more professionals into its network the society is now offering dues discounts to new members. "There is no time to delay, North Carolina tax professionals need to step up to the plate and meet the new IRS requirements. Our organization is here to help" said Upton.

About the North Carolina Society of Accountants
NCSA was formed in 1947 to protect the practice rights of non-CPA accountants across North Carolina. The society has nine active local chapters, sponsors educational opportunities, conducts legislative monitoring and supports students pursuing accounting careers through the NCSA Scholarship Foundation. To learn more about NCSA visit http://www.ncsa1947.org and our YouTube channel at http://www.youtube.com/ncsa1947, or contact Executive Director Candace Cansler at 1-866-755-NCSA (6272).

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James Upton, Public Relations Chair

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