Number Six wrote:I'm curious what the likely refund amounts will be for preparers. I didn't see any links in a quick search.
I checked my records. The payment requirement started in the fall of 2010. I'm missing the data for one year, but it looks like this:
fall 2010 (for PTIN for 2011): $64.25
fall 2011 (for PTIN for 2012): unknown, probably about $63 or $64
fall 2012 (for PTIN for 2013): $63.00
fall 2013 (for PTIN for 2014): $63.00
fall 2014 (for PTIN for 2015): $63.00
fall 2015 (for PTIN for 2016): $50.00
fall 2016 (for PTIN for 2017): $50.00
So, we're looking at about $416 or more.
Allegedly, there are about 700,000 people affected. If only half of those people paid the fees for the entire seven years, the U.S. Treasury would be looking at refunds of about $145,600,000 (i.e., about $416 per person x 700,000 x 50% = $145,600,000). I suspect that more than half of the 700,000 have been practicing for the past seven years, so the amount could well be higher than that.
This is assuming that the Court is going to make the Treasury refund all the amounts, all the way back to the beginning. I don't know what the decision will be on that.
...why is anyone in this [losthorizons] community paying the least attention to...'Larry Williams' [Famspear], or other purveyors of disinformation from...quatloos? – Pete Hendrickson, former inmate 15406-039, Fed’l Bureau of Prisons