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updated: 1/22/2013 12:10 PM

IRS suspends tax return preparer regulations after court ruling

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Bloomberg News

The U.S. Internal Revenue Service suspended its regulation of tax-return preparers in response to a Jan. 18 federal court ruling that said the agency lacked authority to run the program.

"The Internal Revenue Service, working with the Department of Justice, continues to have confidence in the scope of its authority to administer this program," the agency said in a statement on its website. "It is considering how best to address the court's order and will take further action shortly."

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--Editors: Laurie Asseo, Joe Sobczyk

To contact the reporter on this story: Richard Rubin in Washington at rrubin12bloomberg.net

To contact the editor responsible for this story: Jodi Schneider at jschneider50bloomberg.net

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