One BIG Reason Why You Should Participate - Failure to participate in the program will impede an unenrolled preparer’s ability to represent the returns he or she has prepared before the IRS. Beginning in 2016, an unenrolled preparer must have a “Record of Completion” for the year in which the return was prepared AND the year of the audit to represent a return he or she has prepared. So if an unenrolled preparer does not participate every year, he or she will no longer be able to represent returns he or she has prepared before the IRS. This could have a profound impact on a tax practice.
Much has been written about and debated regarding the new IRS Voluntary Annual Filing Season Program (AFSP) and how it affects the tax preparation industry. When the IRS launched the RTRP program some years ago, the primary goal was to ensure that all tax preparers had a minimum amount of annual continuing tax education.
On June 26, 2014, the IRS issued information about its new voluntary Annual Filing Season Program (AFSB).
But before you get too excited, you should know that California Registered Tax Preparers (CRTPs) will automatically be issued a Record of Completion if they are registered in good standing with CTEC for the 2014-15 year and have a valid PTIN.