What do you need to become a tax preparer? Tax preparation is a career that is on the rise and brings a necessary and welcome service to the community. What does a tax preparer do? Most tax preparers prepare, file, or assist with general tax forms. Beyond these basic services, a tax preparer can also defend a taxpayer with the IRS. This includes audits and tax court issues. However, the extent of what a tax preparer can do is based on their credentials and whether they have representation rights. In a way, tax preparers are asked to serve two masters – their clients and the IRS. They must assist their clients in complying with the state and federal tax codes, while simultaneously minimizing the client’s tax burden. While they are hired to serve their client, they must also diligently remember their obligation to the IRS and not break any laws or help others file a fraudulent return. Becoming a tax preparer is a straightforward process involving a few basic requirements. These include: 1. Know-how - For most new tax preparers, learning the ins and outs of the business means acquiring an entirely new professional language. In some cases, this know-how comes in the form of certification. But finding a platform that can boost know-how and assist you with knowledge gaps is critical to success. 2. Technology - As is the case with most professions, having access to the right technology will help you work efficiently and contributes to the general success of your new business. Most tax professional software assists with both know-how and the tools to accomplish the work itself. 3. Clients - This might seem obvious, but you need to attract tax clients to succeed and become profitable. Many preparers start on a small scale – doing individual returns – before moving on to bigger and more complicated matters. 4. Preparer Tax Identification Number - If you want to be paid for preparing tax returns, the first step is applying for – and being issued – a preparer tax identification number (PTIN).
If you need expert tax preparation Services in San Antonio, TX, get in touch with Uhlenbrock CPA at 210-701-1040. Uhlenbrock CPA is the best option for you.