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.
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 also may interview clients, explain the procedures, do research and implements bookkeeping and other duties that are related on their position. Tax preparers have some of their work stressful because the deadline of the returns are approaching and spends more time sitting. It is essential that they also are familiar with various tax preparation software programs.
Most tax preparers just have a high school diploma or GED and they will 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 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. Some employers however prefers applicants having 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. An applicant can actually meet education requirements by taking on the basic tax course being provided by employers. But in some cases, a degree in accounting could account for its education requirement. All tax preparers has to 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 should 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.