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 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 also may interview clients, explain the procedures, do research and implements bookkeeping and other duties that are related on their position. Some tax preparers find their work stressful because the deadline of the returns approaches and spends most of their time sitting. It is essential that they also are familiar with various 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. But, there are some positions to where it needs a bachelor’s degree in accounting or any finance related field.
Have 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.
Some states however requires the tax preparer to first get a license before they could provide service towards 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. The applicants can in fact meet the education requirements through taking the basic tax course that’s provided by employers. But to some cases, degree in accounting can account on the education requirement. All tax preparers has to be registered with the federal government. The requirement would include getting a preparer tax identification number or PTIN and pass a competency and compliance check and to get a registered tax return preparer certificate (RTRP). The certificate should be renewed annually.
Trained and licensed tax preparer could find employment at a tax preparation company. There are some employers that however needs the candidate to have two years of experience first with a bachelor’s degree before they could advance on their position with higher salaries.