If you want to tell the IRS exactly what you think the content of the competency exam should be, now is the time. Notice 2011-48 invites comments.
Notice 2011-48 invites public comments on the content and administration of the registered tax return preparer competency examination (competency examination). The Treasury Department and the Internal Revenue Service have published final regulations (TD 9527, 76 FR 32286) under 31 CFR Part 10 that require certain individuals to pass a competency examination to become a registered tax return preparer. The IRS has selected a vendor to support the IRS in developing and administering the competency examination for the Form 1040 series tax returns and accompanying schedules.
Notice 2011-48 will be published in Internal Revenue Bulletin 2011-26 on June 27, 2011.