Update on Mobility Legislation
Source: Maryland Association of CPAs, Inc.
Maryland is the 18th state in the nation to enact mobility legislation, joining Illinois, Indiana, Idaho, Louisiana, Maine, Mississippi, Missouri, New Mexico, Ohio, Rhode Island, Tennessee, Texas, Utah, Virginia, Washington, West Virginia and Wisconsin.
Maryland’s bill 1) exempts all CPAs (including out-of-state) and their staff, 2) designates the name to be “registered individual tax preparer,” preventing the use of “certified” or “licensed” tax preparers, 3) requires an independent regulatory-based examination for tax preparers (like the Special Enrolled Agent Exam), and 4) adds a “safe harbor” language requirement that makes registered tax preparers disclose to clients that they are not CPAs, enrolled agents, or tax attorneys.For the complete article, click here.
Also see Mobility, Education Headline AICPA Priorities in Accounting Today, April 14, 2008.From Maryland Association of CPAs, Inc. (http://www.macpa.org), April 8, 2008.
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