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A new IRS unit assumed responsibility in January for oversight of tax professionals (www.irs.gov/newsroom/article/0,,id=105533,00.html). (Tax Notes).


A new IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  unit assumed responsibility in January for oversight
For Oversight in Wikipedia, see Wikipedia:Oversight.


Oversight may refer to:
  • Government regulation — The role of an official authority in regulating a separate authority.
 of tax professionals (www.irs.gov/newsroom/article/0,,id=105533,00.html). The Office of Professional Responsibility has more than twice the staff of its predecessor--the Office of the Director of Practice--and licenses enrolled agents An Enrolled Agent (or EA) is a tax professional recognized by the United States federal government to represent taxpayers in dealings with the Internal Revenue Service. The profession has been regulated by Congress since 1884.  (EAs). In addition, it investigates allegations of misconduct MISCONDUCT. Unlawful behaviour by a person entrusted in any degree: with the administration of justice, by which the rights of the parties and the justice of the, case may have been affected.
     2.
 and negligence by accountants, attorneys and other professionals, including EAs, who represent taxpayers before the commission.
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Publication:Journal of Accountancy
Date:Apr 1, 2003
Words:70
Previous Article:The IRS launched an amnesty program in January for taxpayers who, by means of offshore credit card accounts, evaded taxation of reportable income...
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