tag:blogger.com,1999:blog-6318055043707993918.post7176023526252713540..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: I WISH THEY WOULD EXPLAINRobert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6318055043707993918.post-20527548463568932462010-10-11T15:19:27.488-04:002010-10-11T15:19:27.488-04:00To follow up on Joe (and Riles), economists genera...To follow up on Joe (and Riles), economists generally consider barriers to entry (such as the TPIN registration and annual fee) a distortion to market equilibrium which would reduce societal welfare UNLESS the benefits of correcting market failures (the damage done by incompetent preparers) exceeded this cost. Some realistic examples of people who will be hurt by the TPIN: women with tax skills and more than one preschooler who might prefer to stay home and prepare a dozen or three tax returns for fun money and retirees who may want to do a few dozen tax returns to supplement Social Security. For those preparing a small number of returns, the fees and paperwork is a significantly greater aggrevation than it is for tax preparers (whether EAs, CPAs or previously unregistered) who prepare hundreds of tax returns per year--and the "small-timers" may still be keeping up with CPE and changes in tax law.<br /><br />Another facet of the Alban "Licensure" article which I mentioned in a Tick Marks post is that Alban actually agrees with you that the exemption given to attorneys and CPAs is unfair (his reasoning--political connections of attorneys and CPAs).Dan Meyerhttps://www.blogger.com/profile/15615244752464618948noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-51120218721513618602010-10-11T11:17:27.820-04:002010-10-11T11:17:27.820-04:00Interesting discussion. I noticed one thing in hi...Interesting discussion. I noticed one thing in his discussion<br /><br />- The regulatory capture problem and the artificial barriers to entry placed on tax services by incumbents, with the effect of increasing their incomes by keeping newcomers out.<br /><br />He seems to imply that would be a bad thing. LOL. Just kidding.Peter Reillyhttps://www.blogger.com/profile/01473701483727808782noreply@blogger.com