The license of "accounting practitioner" shall be granted by the board to any person who meets all of the following requirements:
1. Is a resident of this state, or has a place of business in this state, or, as an employee, is regularly employed in this state.
2. Meets the following experience requirements and applies for a license by July 1, 1976.
a. Was engaged as an accounting practitioner, as defined in this chapter, as a principal and (1) has qualified for limited practice without enrollment before the United States internal revenue service under revenue procedure 68-20 and becomes enrolled by July 1, 1976, as an agent entitled to practice before the United States internal revenue service as provided in the United States treasury department circular number 230 revised, or (2) is an enrolled agent entitled to practice before the United States internal revenue service as provided in the United States treasury department circular number 230 revised on July 1, 1975; and
b. Was engaged as an accounting practitioner for at least three years prior to July 1, 1975. The applicant shall submit and establish to the satisfaction of the board copies of contracts or agreements, or affidavits of clients, which verify that the applicant has performed services as an accounting practitioner for compensation. Any evidence which indicates that the applicant has only performed bookkeeping services or prepared tax returns shall not be deemed sufficient for the purposes of meeting the experience requirements.
[C75, 77, 79, 81, § 116.7]
C93, § 542C.7
Referred to in § 542C.8, 542C.19, 542C.20, 542C.21, 524C.25
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