HR 8501
TEAMS Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Tax-Preparer Enforcement, Accountability, and Minimum Standards Act (TEAMS Act) aims to improve the quality of tax return preparation by establishing minimum competency standards for tax preparers. This legislation authorizes the Treasury Department to regulate preparers, sanction those who engage in incompetence or unethical behavior, and ensure preparers meet specific training and examination requirements. It also provides the IRS with the authority to revoke identifying numbers for preparers found to be incompetent or disreputable.
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Primary sponsor
Filemon Vela
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