Tax-preparer Enforcement, Accountability, and Minimum Standards Act or the TEAMS Act This bill authorizes the Department of the Treasury to regulate tax return preparers, including by sanctioning preparers for incompetence and disreputable behavior and by establishing minimum competency standards for preparers.
Administrative law and regulatory proceduresAdministrative remediesCongressional oversightDepartment of the TreasuryFraud offenses and financial crimesGovernment studies and investigationsIntergovernmental relationsState and local government operationsState and local taxationTax administration and collection, taxpayers
TEAMS Act
USA116th CongressHR-8501| House
| Updated: 10/1/2020
Tax-preparer Enforcement, Accountability, and Minimum Standards Act or the TEAMS Act This bill authorizes the Department of the Treasury to regulate tax return preparers, including by sanctioning preparers for incompetence and disreputable behavior and by establishing minimum competency standards for preparers.
Administrative law and regulatory proceduresAdministrative remediesCongressional oversightDepartment of the TreasuryFraud offenses and financial crimesGovernment studies and investigationsIntergovernmental relationsState and local government operationsState and local taxationTax administration and collection, taxpayers