View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/IRS RIN: 1545-BG83 Publication ID: Spring 2009 
Title: Tax Return Preparer Penalties Under Section 6694 
Abstract: The Internal Revenue Service will issue proposed regulations that revise the definition of "tax return preparer" consistent with section 8246 of the Small Business and Work Opportunity Tax Act of 2007, Public Law 110-28. The proposed regulations will also alter the standards of conduct that preparers must meet to avoid imposition of penalties for preparing a return where there is an understatement of tax and the tax preparer knew, or reasonably should have known, of the tax treatment of a return position. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1    26 CFR 301   
Legal Authority: 26 USC 6060    26 USC 6107    26 USC 6109    26 USC 6694 to 6696    26 USC 7701(a)(36)    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/17/2008  73 FR 34560   
Outlines of Topics Due  08/04/2008    
NPRM Comment Period End  08/18/2008    
Public Hearing  08/18/2008    
Final Action Completed by TD 9436  12/22/2008  73 FR 78430   
Additional Information: REG-129243-07 Drafting attorney: Michael E. Hara (202) 622-7419 Reviewing attorney: James C. Gibbons (202) 622-4910 CC: PA: Branch 1
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BG84 
Agency Contact:
Michael E. Hara
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5529,
Washington, DC 20224
Phone:202 317-5417
Fax:202 874-9248
Email: michael.e.hara@irscounsel.treas.gov