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NY Tax Preparer Rules Give Glimpse of Future Regulation

Law360
March 10, 2014

Hodgson Russ tax attorney William J. Comiskey is quoted in the Law360 article “NY Tax Preparer Rules Give Glimpse of Future Regulation,” published March 10, 2014. The article discusses New York State’s new regulations governing the tax preparation industry—regulations that do not currently apply to professional tax preparers like CPAs, attorneys, or enrolled agents.

Bill, who is a former deputy commissioner of tax enforcement for the New York State Department of Taxation and Finance and who served on a task force that prepared a report that informed the new industry controls, believes that the regulations may one day be expanded to include all tax professionals. He toldLaw360, “…there is some question as to whether it should apply to all tax preparers. This is one hurdle the [committee proposing the regulations] didn’t cross at this time, but I think they may revisit that at a future time.