The “Return Preparer Office Federal Tax Return Preparer Statistics” have been updated through 12/10/2012.
There are now 44,270 RTRPs – previously unenrolled preparers (and some EAs) who have taken and passed the IRS initial competency test.
But there are still over 300,000 - 304,077 to be exact – “preparers with provisional PTINs who have not yet passed the RTRP test”.
So 300,000+ tax return preparers have to sit for and pass the test in the next 12 months.
Once again I ask – is the IRS really going to force 100,000 to 200,000 tax preparers out of business?
The IRS must face reality. There must be grandfathering!