Getting started as a Professional Income Tax Return Preparer may be easier now than ever! Get set up for success by following these quick steps.
Purchase before 12/31 at 11:59 est.
Anyone who prepares tax returns and charges a fee for their services is required to have a Paid Preparer Tax Identification Number (PTIN). There aren’t any educational requirements needed to obtain an annual 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 provided you have internet challenges, have never filed a return, or have severe identity theft issues.
If you plan to file tax returns electronically, the IRS requires that you have an Electronic Filing Identification Number (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. On average if takes about 30 days to get your EFIN.
Every state is different. Depending on where you plan to work, you may or may not need to register as a tax preparer. If your goal is to make money, your business will need to pay taxes on the earned revenue as well as, if you offer any 3rd party bank products, each state governs that partnership differently. Look up your state’s requirements before you begin accepting clients.
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. Many Tax Firms will offer discounted Tax Law Education or a Roadmap to assist. 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.
JobPippy RecessionProofTaxJobs.com
Some Software providers only supply Income Tax Preparation Software where others are more supportive. You may lack all the fundamentals of Tax Law and require additional training, enjoy a support network, Marketing Materials, and that feeling of community. If you think you'd benefit from working closely with Tax Strategist that have on-the-job insight, plus Tax Software, inquire about our Inclusive Programs.
Tax Mentorship Programs
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. Will you only require 1040 Software? Are you planning to expand offices and bring in new staff? Will you market to Non-Profits or Corporations? Use these questions a starting point base before making a comittment.
Your Onboarding System can include what happens after Marketing (Client Forms, Data Security, Extra Tax Law Training, Discounts and Referral Campaigns, etc.).
Tax Software For Pros is an all-inclusive easy-to-use professional tax prep software for tax preparers with all levels of education and experience. We help Tax Preparers daily answer the following questions:
