California Assembly Bill 3143 was signed into law last year with new provisions and requirements that will extend the CTEC program until January 1, 2023.
The renamed Tax Preparation Act (Section 22250*) stipulates revisions that will impact CTEC Registered Tax Preparers (CRTPs), as well as includes additional responsibilities for the Council.
Disciplinary Actions
Starting July 1, 2019, CTEC will post on its website…
• All disciplinary actions taken against registrants by the Council, including – but not limited to – misconduct that results in a suspension or revocation of a CRTP registration.
• A list of registrants on probation, including the misconduct that resulted in the probation and any terms of probation.
Reporting Bond Claims
Effective July 1, 2019, CRTPs are now required to report all paid claims against their surety bond to CTEC. CTEC is also required to post notices of all paid claims on the website.
State law requires CRTPs to provide clients their name, address, phone number, bond company name and policy number, as well as the ctec.org website in writing prior to rendering tax preparation services.
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