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Preparers chime in on recent PTIN ruling

Source: accountingtoday.com - Jul 5, 2017

A recent ruling striking down the fees charged by the Internal Revenue Service for the ID numbers it requires tax preparers to have has some practitioners rejoicing — and others wondering about its ramifications.

In early June a federal district court — the same that ruled four years ago in Loving v. IRS — ruled in favor of preparers who filed a class-action lawsuit over the PTIN. The IRS may need to refund hundreds of millions of dollars in fees collected.

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Category: General Business