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 will also interview clients, explain to them the procedures, implements research and do bookkeeping and other duties of which are related with their work. Some tax preparers find their work stressful because the deadline of the returns approaches and spends most of their time sitting. They also need to familiar with 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. There are however some positions with where it needs a bachelor’s degree in accounting or fields that are related with finance.
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 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.
Some states however requires the tax preparer to first get a license before they could provide service towards 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. Applicants actually could meet the education requirements through taking basic tax courses that’s provided by employers. But in some cases, a degree in accounting could account for its education requirement. All tax preparers should also 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.
Trained and licensed tax preparer in fact can find an employment at a tax preparation company. Some employers however will require the candidate to first have at least two years of experience and with a bachelor’s degree before they can advance on their positions.