This article considers existing Internal Revenue Code of 1954 provisions which restrict or regulate preparers, and professional ethics which govern the actions of attorneys and CPAs. Then, analyses of the recent proposals made by the commercial return preparation industry, the Service, and the American Institute of Certified Public Accountants are made. Finally, the article considers the American Bar Association's position on these different proposals.

I. Introduction

II. Code Provisions Affecting Preparers

III. Other Restraints on Professionals

IV. Nonprofessional Preparer

V. Recent Proposals … A. Commercial Return Preparers’ Proposals … B. Service’s Proposals … C. AICPA’s Proposals

VI. Conclusion