The final Circular 230 revisions have been released today and though IRS has not yet released the long-awaited document, the crackerjack GR team at NAEA grabbed an advance copy, which you can find here. Commentary and analysis from the NAEA Government Relations team will be forthcoming, but an initial scan indicates that limited practice has been tightened somewhat for the newly regulated. Further, the newly regulated will not have section 7525 privilege, the nomenclature for the newly regulated remains “registered tax return preparer,” and continuing education will not be approved on a course-by-course basis (though IRS explicitly holds the option open for the future). More to follow, but we didn’t want to hold up distributing the document while we were digesting it...