The IRS has given some clarification on the upcoming continuing education (CE) requirements that are part of the Registered Tax Return Preparer initiative that is rolling out.
The CE requirement for those who are pegged to take the competency exam and become Registered Tax Return Preparers is slated to begin in 2012. Once the requirement begins, even those who have not yet taken the competency test will need to meet the CE requirements. That means that we cannot put off the CE requirement by delaying the exam.
There is a 15 annual requirement for CE. Three hours of tax update, two hours of ethics, and 10 hours of federal tax laws.
Only IRS-approved providers can provide the courses. No providers have yet been approved.
Since the CE program has not yet started, any courses or education taken to this point will not count towards your 2012 requirement.
http://www.taxpreparerlearningsystems.com/
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