As we reported last week, the Taxpayer Protection and Assistance Act of 2005 (S. 832) is a pro-taxpayer and pro-tax professional bill that will enhance the integrity of both the tax profession and the tax administration system.
S. 832 is of critical importance to EAs because it contains the EA credential protection language long desired by NAEA as well as language regarding the enrollment of all paid preparers. The preparer enrollment section of the bill is consistent with NAEA's position on the matter. It calls for:
The bill is sponsored by New Mexico Senator Jeff Bingaman. Six senators have co-sponsored the bill on a bipartisan basis. NAEA has asked the New Mexico state chapter president and the state chapter presidents of each of the six cosponsors to send a letter of thanks and support to their respective senator.
Those letters are only the tip of the iceberg in our grassroots campaign. In order to increase the chances for passage of this bill, we each need to write our senators and our representative. The Government Relations department at NAEA has written boilerplate language, one for your senators and the other one for your House member.