RTRP & Rebates for Testing & Loss of Clients

Mar 01, 2013 2 Replies

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Wilson 13 years ago

I thought this topic would be humming in here. Okay. I never wanted to go through the hoops, thought that after 20 years of preparing returns almost without error, I felt the Competency Testing, continued education credits and finger printing were a bit much. Thankfully, I never spent a dime on it other than my PTIN.

Here's my point, what provisions or recourse do people have for money spent testing & training for this failed program?

Secondly, I planned to retire if need be as I'll be 62 this summer, so what do I do about the clients I lost when I told them last year that I might not be doing this next year do to these requirements. Who reimburses me for that?

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remove ps 13 years ago

Tell your clients you're still going to be doing tax returns. I imagine clients stick with preparers they're familiar with.

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Bob Sandler 13 years ago

The RTRP program isn't dead yet. It's just suspended. The IRS will appeal the court decision. Even if they ultimately lose in court, there's a good chance that they will be able to get Congress to pass legislation authorizing the program.

Bob Sandler

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