Monday, November 21, 2011

IRS Updates FAQs on Registered Tax Return Preparer Exam, Plans November Launch

The IRS has updated its online frequently asked questions (FAQs) on the registered tax return preparer exam. Preparers who are not certified public accountants (CPAs), enrolled agents (EAs), attorneys, supervised preparers, and non-series 1040 preparers must successfully pass the registered tax return preparer exam to prepare returns for compensation.

The IRS announced that the exam is expected to be available in late November 2011. The exam consists of 120 multiple choice and true/false questions and is timed at 21/2 hours.

The IRS also advised that the exam will be offered at designated testing locations. Candidates should bring an unexpired government-issued photo ID to the testing center.

Reference: PTE §41,401

No comments: