What License Do You Need to Be a Tax Preparer?
For people who want to be a paid tax preparer – legally, the IRS requires a few things:
First, they must register with the IRS and get a PTIN, a “Preparer Tax Identification Number”. (Note: CPAs and attorneys do not need to obtain a PTIN unless they are completing entire tax returns – visit the IRS Site for details on this).
The PTIN can be obtained online through the IRS Website, and it must be renewed annually for the preparer to avoid penalties.
Second, unless paid tax preparers are enrolled agents, attorneys or certified CPAs, they will also need to pass a competency test (RTRP test) and enroll in ongoing education in order to serve and get paid by clients. Enrolled Agents must pass a 3-part comprehensive IRS test and complete 72 hours of continuing education every 3 years.
Education Resources & Testing Information:
CPA continuing professional education courses and the income tax preparation course can be found online at CPACampus.com and TheIncomeTaxSchool.com.
The RTRP test must be taken at a physical designated location, It cannot be completed online. At the time of this writing, the exam costs $116.
State Requirements
Additionally, tax preparers may need to register with their state and obtain a separate license through their state in order to practice.
For example, California tax preparers must register with CTEC, the California Tax Education Council, complete a 60-hour tax training program, purchase a surety bond from an insurance or surety company and complete continuing education annually.
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2012-12-26 13:48:43
Source: http://www.thenewbusinessidea.com/2012/12/what-license-do-you-need-to-be-tax.html
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