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New Rules for Tax Preparers and Refund Payments

This act introduces new rules for tax return preparers to ensure their competence and integrity. It aims to protect citizens from dishonest practices and ensure they receive reliable services. Additionally, the act regulates how fees for tax refund-related services are disclosed, increasing transparency and helping individuals make informed financial decisions.
Key points
Introduction of licensing and certification for tax return preparers, meaning they must demonstrate good character and necessary qualifications.
Ability to impose financial penalties and suspend practitioners for incompetent or disreputable conduct, enhancing client protection.
Requirement for tax preparers to disclose all fees for their services and information on average tax refund processing times, helping citizens understand costs and processes better.
Mandatory disclosure that 'refund anticipation payment arrangements' are not necessary to receive a tax refund, protecting against unnecessary fees.
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Expired
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Additional Information
Print number: 117_S_2856
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2021-09-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to regulate tax return preparers and refund anticipation payment arrangements.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2856.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-27.

What are the main provisions?

Key points include:

  • Introduction of licensing and certification for tax return preparers, meaning they must demonstrate good character and necessary qualifications.
  • Ability to impose financial penalties and suspend practitioners for incompetent or disreputable conduct, enhancing client protection.
  • Requirement for tax preparers to disclose all fees for their services and information on average tax refund processing times, helping citizens understand costs and processes better.
  • Mandatory disclosure that 'refund anticipation payment arrangements' are not necessary to receive a tax refund, protecting against unnecessary fees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Booker, Cory A. [D-NJ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes