New IRS Reg 7216 Worries, Confuses CPAs. But Help Is on the Way

Under new IRS Reg 7216, CPAs are obligated to get written consent when they “send out” work on tax returns.

But there’s precious little concrete guidance available yet, the deadline is approaching and many tax practitioners are confused and worried.

So what to do? I’ve been asking around. And, while there’s no cut-and-paste template available yet, a clearer picture is emerging.