H&R Block backs IRS announcement of voluntary certification for tax preparers

June 26, 2014

Kathy PickeringFrom Kathy Pickering
Executive Director, The Tax Institute at H&R Block

Today, the IRS commissioner announced plans to implement a voluntary tax certification process for the nation’s tax preparation industry for tax season 2015. H&R Block has long supported efforts to elevate the standards in the tax preparation industry in order to provide better service and protections for all consumers. Many industries, most with much less access to one’s personal financial history and other private information, require minimum competency standards.

H&R Block supports Congress enacting mandatory standards for professional tax return preparers. Until Congress is able to act, however, a voluntary tax certification program is essential for protecting consumers.

Last week H&R Block President and CEO Bill Cobb provided his support directly with a letter to Commissioner Koskinen.

The National Taxpayer Advocate reported an estimated 42 million consumers used a tax return preparer who was neither credentialed nor subject to state oversight and minimum standards to complete their 2011 tax returns. That represents approximately 54 percent of all returns prepared by someone other than the taxpayer.

Requiring tax return preparers to meet minimum standards and stay current with the tax code is about protecting the nearly 60 percent of consumers who get in-person help with their taxes every year. With the median U.S. income approximately $51,000, this 60 percent includes many hardworking low and middle income taxpayers for whom the tax return is the largest financial transaction of the year.

We believe implementing minimum competency standards for tax return preparers is the right thing to do to best serve and protect consumers.

Contact the Media Desk

Related Resources

H&R Block reports strong tax season volume; increases market share

H&R Block released preliminary results for the 2021 U.S. tax season, reflecting strong growth in tax return volume and estimated market share gains.

Nextdoor and H&R Block team up again in 2021 to connect and uplift neighborhoods, small businesses across the country

Make Every Block Better kicks off 2021 with a renewed Nextdoor and H&R Block partnership improving communities and supporting local businesses. Learn more.

The Power of Belonging: H&R Block Celebrates Hispanic Heritage Month

H&R Block strives to cultivate a connected culture year-round where everyone feels a sense of belonging. Hear from associates during Hispanic Heritage Month 2021.

H&R Block announces quarterly cash dividend

H&R Block announced a quarterly cash dividend of 26 cents per share, payable April 1, 2021. Read more.

Connect with us