The IRS decided against continuing a court battle on whether it has the legal authority to mandate testing and continuing education for paid tax return preparers.
The agency had until May 12 to file a petition with the US Supreme Court to appeal two lower courts' rulings that it could not regulate the 600,000 to 700,000 paid tax preparers in the United States. According to the Institute for Justice, the IRS let the deadline expire. [AccountingWEB]
