Monday, December 22, 2014 - 6:22:08 AM

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NY STATE REGULATIONS FOR TAX PREPARERS

With tax day approaching, Governor Cuomo announced new regulations Monday that makes New York one of four states to regulate the tax preparer industry.
 
New preparers must take a 16-hour basic course,  others must take four hours of annual continuing education, and must pass a state competency examination.

Among the scams the state is warning against: preparers advertising a low price only to charge more; claiming a return was more complicated than expected; having a client deposit their refund into the preparer's account; and offering high-interest loans to clients prior to refunds being received.

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