John Gambino is a Certified Financial Planner (CFP) and registered investment advisor in Hoboken, N.J., who works primarily on assisting his clients with wealth management. Gambino also offers tax return preparation as a convenient service for his clients, and has done so since 2004. He prepares approximately 50 tax returns for compensation annually. He holds Bachelor’s and Master’s degrees from the Massachusetts Institute of Technology, and worked on Wall Street from 2001 to 2003 as an equity analyst for a hedge fund. He has passed the two-day CFP exam and takes 15 hours of continuing education courses annually to maintain his CFP certification.
IJ successfully challenged the IRS’s authority to license tax return preparers. If the licensing scheme had not been struck down, some 350,000 tax return preparers would have been burdened by the new regulations, much to…