Tax Preparer Fee Disclosure Bill Will Not Affect Enrolled Agents or CPAs

CSEA has been closely monitoring Assembly Bill 1140, which would require non-enrolled preparers to disclose the total amount of all costs and fees being charged to clients who are claiming either the California Earned Income Tax Credit (CalEITC) or the federal Earned Income Tax Credit (EITC). It was initially feared that these regulations would apply to all preparers. However, after extensive dialogue with Assemblymember Mark Stone’s office, it was determined that EAs and CPAs will be exempt under Section 22258 of the Business and Professions Code.

Those of you who are California Registered Tax Preparers should be aware that this bill may impact the way you do business in the future. You can read the full text of the amended bill here. CSEA will continue to monitor this bill and will keep Members informed of any changes.