What you will learn in this article is on how one could potentially become a tax preparer. You will learn about the education requirements, training and the experience needed to start a career as a tax preparer.
A tax preparer professional handles the calculation process and fills out corporate, partnership and individual income tax returns b using a computer software. They are also going to interview clients, explain on the procedures, do research and to also implement bookkeeping and other duties related to it. Tax preparers have some of their work stressful because the deadline of the returns are approaching and spends more time sitting. They also should become familiar on the different tax preparation software programs.
There are many tax preparers who have a high school diploma or GED and they usually get on-the-job training. There are however some positions with where it needs a bachelor’s degree in accounting or fields that are related with finance.
Acquire Formal Education
Tax preparers needs to complete a formal education first in order to qualify for a license and for employment. There are a lot of tax preparation companies that are offering with tax preparation training programs that are meant to teach students with how they could conduct interviews with clients, prepare on the taxes and to also advise the clients for an effective tax paying strategy. There’s also the need for a bachelor’s degree in business or finance in order to expand more the opportunities of employment and in order to help provide future tax preparers the knowledge about tax laws and the regulations. There are however some employers who prefers applicants who have a degree.
There are a lot of states that requires the tax preparer to get a license before they could provide service to the public. Though the criteria can be by state, most common requirements for certification or for license would include the case of meeting minimum education hours and to also pass the written exams. The applicants can in fact meet the education requirements through taking the basic tax course that’s provided by employers. However on some cases, a degree with accounting will be able to account on the educational requirement. All of the tax preparers needs to be registered with the federal government. The requirements would include getting a preparer tax identification number or PTIN and to pass a competency and compliance check after the candidate will get a registered tax return preparer certificate or the RTRP. The certificate though needs to be renewed annually.
Trained and licensed tax preparer in fact can find an employment at a tax preparation company. Some employers however will require the candidate to first have at least two years of experience and with a bachelor’s degree before they can advance on their positions.