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During the 2008 Session of the Maryland General Assembly, Senate Bill 817 was enacted. This legislation would create a new licensing and regulatory program covering Individual Tax Preparers. SB 817 has been signed by the Governor.
Highlights include:
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Appointment of an eight person Board of Income Tax Preparers.
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Requires that all person offering individual tax preparation services must become licensed by June 1, 2010.
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Provides for licensure without examination for someone with fifteen (15) consecutive years of tax preparation experience.
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Provides for licensure by examination. The exam must be Board approved and must be no less stringent than the "individuals" section of the special enrollment examination for enrolled agents.
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A license may be renewed every two years subject to the completion of 16 hours of continuing education.
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Provides that the following individuals are exempted from the licensing requirement:
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- A CPA licensed in Maryland or any other state.
- An individual admitted to practice law in Maryland or any other state.
- An individual employed by local, state or the federal government but only in performance of official duties.
- An individual enrolled to practice before the IRS who is governed under Circular 230.
- An employee or assistant to a licensed individual tax preparer or exempted individual, in performance of official duties on their behalf.
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Notwithstanding the June 1, 2010 effective date for licensing shown above, the implementation of the Individual Tax Preparers Act is contingent on the appointment of the Board and the appropriation of funds to start up the program.
Please check this page periodically for additional information on the status of this program. You can send an email to
indtaxprep@dllr.state.md.us
and we will be pleased to update you periodically as additional information becomes available.
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