What you will learn in this article is on how one could potentially become a tax preparer. You actually will learn important information about the information requirements, training and the experience for starting a career as a tax preparer.
Tax preparers handles the calculation and filling out process of individual, corporate, partnership and also income tax returns through using 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. There are some tax preparers who finds their work to be stressful because the deadline of the returns are fastly approaching and spends more time sitting. They also should become familiar on the different tax preparation software programs.
Most of the tax preparers actually have a high school diploma or perhaps a GED and they will receive an 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.
Get a 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 is likewise the need of a bachelor’s degree in business or in finance or accounting so you could expand on your employment opportunities and for you to help future tax preparers in giving them the knowledge with regards to tax laws and 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 criteria however can be by state, most of these requirements for the certification process or license includes meeting the minimum education hours and in passing the 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 of the tax preparers needs 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 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.