The Treasury Department and IRS have proposed regulations to modernize rules for tax professionals authorized to practice before the IRS, including enrolled agents, CPAs, and appraisers. Key changes address:

• Ethics Standards: Clarifying professional responsibilities.
• Contingent Fees: Refining when such arrangements are allowed.
• Disqualification Criteria: Expanding reasons for suspending or barring professionals.
• Appraiser Requirements: Updating compliance rules for accurate valuations.

A public hearing is scheduled for March 6, 2025, and the IRS welcomes written feedback. Learn more at IRS.gov.