In this article, you will learn on how to 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. Tax preparers have some of their work stressful because the deadline of the returns are approaching and spends more time sitting. They also need to familiar with different tax preparation software programs.
Most tax preparers just have a high school diploma or GED and they will 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 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. 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. 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. 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. Also, all tax preparers must 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 should be renewed annually.
A trained and licensed tax preparer can actually find an 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.