IRS Update: Update on Testing for Registered Tax Return Preparers

As a reminder, all provisional registered tax return preparers need to take and pass a competency test by the end of 2013.

Here is the latest information on testing:

• Beginning April 16, 2012, the test will be based on 2011 tax law.
• Beginning April 16, 2012, the test results will be available to the preparer before they leave the testing site.
• The passing score for the exam is 350. The maximum score is 500.
• Preparers who complete the test before April 2012 will receive their results as follows:
• Before March 2012 – Results mailed in early March
• During March 2012 – Results will be mailed in 7 – 10 business days
• The test may not be taken between April 1 and April 15, 2012. The IRS will use this time to update the test content so that it reflects 2011 tax law.

Click here to read the entire CrossLink Tax Update which includes more of the latest information on testing for Registered Tax Return Preparers.