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Announcements

Competency Exam for Registered Tax Return Preparers

Jul 01, 2011

In a July 2011 comment letter, CFP Board responded to an IRS request for comments concerning the content and administration of the competency examination for registered tax return preparers, sharing guidance from CFP Board's long history of developing successful competency examinations and enforcement mechanisms for the CFP® certification. CFP Board also raised concerns about an exemption from the competency testing and continuing education requirements the IRS has provided to individuals who prepare all or substantially all of a tax return under the supervision of an attorney, CPA or enrolled agent. CFP Board noted that exemptions for non-professionals who have not demonstrated the necessary competency to prepare tax returns appear inconsistent with the IRS's reluctance to exempt CFP® professionals, whose professional standards meet or exceed those held by attorneys, CPAs and enrolled agents.

Read CFP Board’s letter (PDF, 108KB)

Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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