I'm a graduating senior majoring in finance at the University of Wisconsin. I am familiar with personal and home business tax returns. I would like to earn some money on the side by helping other people do their tax returns for them. I do not have a CPA.
Do I need any special type of licensing or do I need to meet any specific requirements? What stuff do I need to take care of before I go out there and start promoting myself as somebody who can do taxes?
2007-01-16 01:55:19 · 8 answers · asked by mukwonago53149 5 in Business & Finance ➔ Taxes ➔ United States
The only states that "require" some type of license or certification is California and Oregon. You would find it helpful to work for some one else for at least a year to learn the ropes.
2007-01-16 02:07:54 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Who Can Prepare Tax Returns
2016-10-17 03:18:32 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* Bookkeeping & Tax Preparation: Start & Build a Prosperous Bookkeeping, Tax, & Financial Services Business by Gordon P. Lewis
* Starting and Building Your Own Accounting Business, Third Edition by Jack Fox
* Getting Started in Tax Consulting by Gary W. Carter
* Start & Run a Bookkeeping Business by Angie Mohr
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2007-01-16 02:35:59 · answer #3 · answered by TM Express™ 7 · 1⤊ 0⤋
No, you do not need any special certification to PREPARE tax returns and sign the returns as a paid preparer. However, you do need to either be a licensed attorney, CPA, or IRS enrolled agent in order to sign on behalf of the taxpayer (i.e. sign for the taxpayer on filing extension forms) or to represent the taxpayer before the IRS. Note also that you should ONLY sign the tax returns as the preparer if you were paid for preparing the return. If you are doing the returns for friends or family for free, you should not sign the return as the preparer.
2007-01-16 03:03:33 · answer #4 · answered by jseah114 6 · 4⤊ 0⤋
Be aware that the TurboTax license is for personal use, not for doing other people's taxes for pay.
2007-01-16 02:18:05 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
Yes
2016-03-18 00:00:05 · answer #6 · answered by Yesennia 4 · 0⤊ 0⤋
I beleive you do. When you complete the IRS forms your signature will have to be attached with it. Be very careful you could probably assist them by using TurboTax. I have used that in the past and you can actually printout the returns.
2007-01-16 02:06:46 · answer #7 · answered by mudda 4 · 0⤊ 1⤋
To be honest, I don't believe that's correct
2016-08-09 00:07:50 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Was on Y Answers for something or other, then this question was shown on the sidebar...
2016-08-23 15:19:03 · answer #9 · answered by Anonymous · 0⤊ 0⤋