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IRS Finally Regulates Tax Preparers

The federal and state governments regulate a variety of industries that help with your money -- such as stockbrokers. However, when it comes to preparing taxes, the licensing is fairly sporadic. Only a few states have requirements. Kind of scary, huh?

Well, things are going to change. The IRS has announced that it will take the responsibility of regulating U.S. tax preparation companies, such as H&R Block (HRB) and Jackson Hewitt (JTX).

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