What you will learn in this article is on how one could potentially become a tax preparer. You will be able to learn some valuable information like the education requirements, training as well as experience necessary in order to start a career as a tax preparer.
What are Tax Preparers?
A tax preparer will do the calculation and fills out corporate, individual, partnership as well as other income tax returns through the use of 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. Some tax preparers find their work stressful because the deadline of the returns approaches and spends most of their 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. However, there are some positions where it requires a bachelor’s degree in accounting, business or perhaps in any finance related field.
Have Formal Education
The tax preparer should consider completing first a formal education so they will qualify for a licensing and employment. There are in fact many tax preparation companies that are offering training for tax preparation that’s made in order to teach students how they must do the interviews, provide advice for tax paying strategies and in helping to prepare the taxes. 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 some employers however who prefer applicants who has 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. Most on these criteria is based by state, but most of the requirements for one to be certified or licensed would include meeting on the minimum education hours as well as to pass written exams. Applicants actually could meet the education requirements through taking basic tax courses that’s provided by employers. But to some cases, degree in accounting can account on the education requirement. All tax preparers should also be registered with the federal government. The requirement includes acquiring a preparer tax identification number or PTIN and passing a competency and compliance check and then getting a registered tax return preparer certificate (RTRP). The certificate though needs to be renewed annually.
A trained and licensed tax preparer can actually find an employment at a tax preparation company. There are some employers however that needs the candidates to have at least two years of experience in the field with a bachelor’s degree prior to getting an advance in positions with higher salaries, but with more responsibilities.