What are the minimum requirements,by law, to prepare for a fee, someone's federal and state taxes? Where do I look for this info?
Tried IRS but no luck. I don't want a school. I need to read the actually laws that apply.
2006-11-15 07:40:55 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The first answer is correct, IRS Circular 230. Bottom line is that anyone can prepare tax returns but they may be subject to penalties if the returns are prepared incorrectly.
Also, as a CPA candidate myself, reading the actual IRS codes is usually more confusing than helpful, especially if you are just starting out, due to the complex wording and various exceptions. Tax guides and tax programs are usually far more helpful.
2006-11-15 09:04:57 · answer #1 · answered by Matt M 5 · 0⤊ 0⤋
In every state other than California and Oregan anyone may prepar income tax returns. In those states Attorneys, CPAs and Enrolled Agents (IRS certified) may do so without being certified by the states. All others in those two states must take a course of instruction, pass a test and received continuating education before they may prepare returns for a fee.
2006-11-15 08:25:09 · answer #2 · answered by ? 6 · 1⤊ 0⤋
See IRS Circular 230.
Anyone can prepare a tax return for a fee. But once you accept money and sign the return, then you are subject to the Circular 230 rules.
2006-11-15 07:46:29 · answer #3 · answered by jinenglish68 5 · 2⤊ 0⤋
You should be looking for a CPA or if your situation is not complex an enrolled agent. An enrolled agent is a person who has taken a test covering the tax laws that is administered by the IRS.
2006-11-15 09:39:00 · answer #4 · answered by waggy_33 6 · 0⤊ 0⤋
sure, I agree we pay too a lot in taxes. yet imagine about what does not receives a fee if there wasn't a common tax cost: - police, hearth, and emergency facilities - coaching - the defense force and protection - medical progression and study once there is no money to go back in to commence procuring those issues, human beings will be complaining that the facilities are not provided! the project to remember is that the federal authorities isn't an entity to itself. that's area of u . s . a . of america like you and that i. that's made from human beings that are our fellow voters and run with money from all of our exertions. that is *not* a project the position the undesirable peasants are operating to help the feudal lord and they are annoying further and extra. each and each piece that you install, you receives some thing back in go back.
2016-11-24 21:15:20 · answer #5 · answered by ? 4 · 0⤊ 0⤋
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2006-11-15 08:07:10 · answer #6 · answered by Anonymous · 0⤊ 5⤋