A Step-By-Step Guide on How to Become a Professional Tax Preparer
Majority of the residents don’t have an understanding of taxing and this is what will give them challenges during taxing. Such people will be confused now when it comes to the actual taxing task until they hire a professional tax professional to assist them. If you want to become a legally approved tax preparer, a certification is required. A tax preparer career is a good one and if you want to have a career change, check it out! Hence, here are steps to follow when you want to become a professional tax preparer.
The first step is for you to satisfy the basics that are required. You need to spend time and learn more about how you will face off any challenges in the process. Make sure you have a high school diploma to increase your chances. If you want to further the education, a universal account school will enable you to learn more about this career. For you to have a direct head start, this website states that you need to have an associate degree. If you want this job, there are some basic attributes which you need to have like communication skills, math skills, computer skills, and also stronger customer service.
The next step is for you to get the PTIN number. This will be your tax preparer number and there is a procedure for you to get this number. Here, the IRS will require your personal information as well as the previous years’ returns that you have. Visit this site to be informed more about this procedure. The responses to the questions that you will get need to be accurate. When filing this form, provide relevant answers so that you are not denied the number. Click here to have some useful tips for the same.
Application of the EFIN number is the next step for you to consider. Since filling is being done electronically nowadays, this is the number that identifies you as an electronic tax preparer. Visiting the IRS website is important to facilitate the process of getting this identification number. The waiting period is usually 45 days before you get this number. During this time, you will also have to submit your fingerprints. The final step is for you to register for license here!
Requirements by the state for you to be registered will vary with states of which you need to understand your state very well. In the process, you will also be given an exam that you must pass. Afterwards, you are ready to work and it is recommended that you start with an established tax preparation service to gain experience. After working for a while and being subjected to the tax environment, you will now become a professional tax preparer as per your dreams.