As you all know, we have been waiting for two pieces of tax legislation from Congress this year:
a) An extender act to reinstate some of the tax provisions that expired at the end of 2017 (mortgage insurance deduction, tuition and fees deduction, etc.)
b) A law giving the IRS specific authority to require paid tax preparers to actually know something about the tax laws and procedures. (Did you know that 46 states and the District of Columbia have absolutely no licensing or knowledge requirements for paid tax preparers?)
Well, this Bill provides neither of those eagerly-awaited bits of legislation. So what does the Taxpayer First Act do for you?
