Arlington, Va.—New Years is rapidly approaching, and with it come sweeping new regulations that could force tens of thousands of Americans out of work. Despite a federal lawsuit filed in March by three independent tax preparers and the Institute for Justice (IJ), the IRS remains committed to implementing an unprecedented licensing scheme. The new regulations benefit powerful industry insiders and burden some 350,000 independent tax-return preparers, ultimately harming 85 million taxpayers.
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