1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Drop box: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points)
The administrative agency that controls the regulation is the Department of The Treasury, Internal Revenue
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The proposed legislation protect the filer and the client by ensuring that the preparer of returns is well trained and obtains the ongoing education needed to stay up to date in all tax law related matter. The new legislation will include oversight and monitoring agencies and the registration fee that will be required is a necessary component. However, without funding the legislation will not have the administrative support it will need to function. A properly funded article of legislation stands a greater chance of establishing itself effective than one that is not. And to this end I support the benefit that will be provided by limiting the access of those who can legally prepare a tax return and the newly proposed legislation and the fees required to make it work.
4. Provide the "deadline" by which the public comment must be made. (If the date has already passed, please provide when the deadline was). (5 points)
Written or electronic comments must be received by August 23, 2010.
5. A. Once you have submitted your comment, what will you be legally entitled to do later in the promulgation process (if you should choose to do so)? (See the textbook's discussion of the Administrative Procedure Act.)
After, the comment has been submitted and during the promulgation process I will