IRS rule threatens to shut down the small businesses that prepare tax returns -

Author: 
Liberty
 
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As part of a sweeping new licensing scheme, the IRS won't let tax preparers continue to prepare your tax returns in 2013 unless they first get a special permission slip from the government by paying for and completing 15 hours of continuing education by the end of this year. They will also have to pass an IRS-mandated exam by the end of next year.

These new regulations threaten the livelihoods of as many as 350,000 tax return preparers, many of them independent mom-and-pop businesses, and could waste up to 5 million man hours. But the IRS says it will not extend the deadline.