The IRS cut the fee for tax preparers by one dollar
What happened
The IRS reduced the annual fee for tax preparers to register with the agency. The fee to get or renew a Preparer Tax Identification Number (PTIN) is now $10, down from $11.
Why it matters
This is a tiny change. It affects a large number of people who prepare taxes for others. The IRS has been trying to regulate tax preparers for years, but has faced legal challenges. This fee is one of the few levers it has left.
The signal
Watch if the IRS tries to implement more significant changes to tax preparer regulations in the future, or if this small fee adjustment is the extent of its current efforts.