Cuomo announces regulation for tax preparers - NEWS10 ABC: Albany, New York News, Weather, Sports

Cuomo announces regulation for tax preparers

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ALBANY, N.Y. – Governor Cuomo is planning to create new regulation to better protect New York consumers who hire tax preparers.

Cuomo said the regulations would make New York one of only four states that regulate the tax preparer industry.

The regulations will reduce errors and omissions on tax returns, reduce fraud and increase the level of competence and ethics among preparers, said Cuomo.

"With 70% of New York taxpayers depending on a tax preparer to file their taxes, we need to ensure clear standards exist to prevent fraud and protect consumers," Governor Cuomo said. 

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