The Internal Revenue Service has proposed new regulations on paid tax preparers, and the biggest companies in this business have quickly responded -- roundly endorsing the new regulations, whose primary effect may be to kill off their smaller competitors. H&R Block's recent chief executive officer, appointed deputy commissioner of the IRS by President Obama, participated in crafting these new regulations, which benefit his company.
Friday, January 8, 2010
Big tax-prep companies welcome IRS regulation
Another Obama regulation, and more applause from the biggest businesses being regulated. This time, my column explains, it's the tax preparers: