What is happening is hundreds of thousands of tax professionals who must pass the IRS's new RTRP Test in order to provide tax services for pay, have not done so. Most of us are thinking, no big deal we don't have to have to pass the test until December 31, 2013. True, but wrong. It is a seriously big deal.
What will happen is that there will be an average of 22,000 tax professionals trying to take the test each month, and there is not enough testing seats in order for all of us to take the test by the deadline.
I'm not sure what other tax professionals are doing, but I’m studying, after hours to make sure that I know each detail involved with each tax code. I'm not sure about the other tax professionals, but for over 12 years, I relied on the professional tax software to remember the hundreds of new tax laws which were voted on by Congress each year.
I fully realized that taxes is actually tax law, which is made up of tax codes.
The test is open book, but there are 120 questions and there is not enough time to look up answers if you don't know them off the top of your head. Tax Law is complicated at best. Taking this test is no joke for any of us. We must buckle down and learn the exact formulas, codes and conditions for every major tax law involving personal income tax returns.
Below you will find the beginning of an article which was sent out by TaxPro. It explains the IRS's concerns and shares provides information state by state:
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All non-exempt paid tax return preparers must, among other requirements, pass the one-time open-book test by Dec. 31, 2013. Totals reported recently reveal that an average of less than 1 percent of paid tax preparers who need to take the Registered Tax Return Preparer test have passed it so far -- lending weight to IRS warnings that preparers who wait until the last minute to schedule their tests risk running headlong into overbooked exam centers.
Among IRS-supplied testing totals reported in various states: continue article
