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How to become a professional tax preparer
Start as a tax preparer today
Getting started as a professional tax return preparer may be easier than you thought. Here are the answers to some frequently asked questions, as well as a step-by-step plan to help you set off on the right foot.
Complete a Federal Tax Course
Enroll in a Tax Course:
- Find a reputable institution or online platform that offers a federal tax preparation course.
- Ensure the course covers essential Ensure the course covers essential topics like individual tax returns, deductions, credits, and current tax laws.
- Attend all classes and complete all assignments.
- Participate in practical exercises and case studies to gain hands-on experience.
- Successfully pass the final exam to demonstrate your understanding of federal tax laws and preparation.
1. Create your PTIN
Anyone who prepares tax returns and charges a fee for their services is required to have a Preparer Tax Identification Number (PTIN) . There aren’t any educational requirements to get your PTIN. You can create one online on the IRS website. The process only takes about 15 minutes. You can also apply for a PTIN by completing and mailing in Form W-12.
2. Apply for an EFIN
If you plan to file tax returns electronically, the IRS requires that you have an Electronic Filing Identification Number or EFIN . You can complete your application quickly on the IRS website, here. You will also need to provide your fingerprints to the IRS unless you are already a certified licensed professional, like a CPA or attorney. It should take about 45 days to get your EFIN.
3. Register with your state
Every state is different. Depending on where you plan to work, you may or may not need to register as a tax preparer. Look up your state’s requirements before you begin accepting clients.
4. Work at an office
When you are just starting out as a tax preparer, you may find it helpful to work for an established tax prep service for a brief period. Not only will you be able to ask questions and gain experience during tax season, but you could also learn valuable lessons about the state and local requirements where you plan to start your business.
5. Choose a tax prep software
Every tax preparer is different. Depending on your level of experience in the industry, you may require certain things from your tax preparation software. Consider your needs first.
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