What To Tax Preparers Do?

Tax preparers prepare and file federal and state tax returns. Essentially, they review their client’s income and financial records such as W2s and dividend statements, then identify deductions and credits to determine the amount their client’s owe or will be refunded.

As you can imagine, Tax Preparers must be familiar with various tax forms and schedules that the IRS and state tax boards issue. As such, tax preparers should be familiar with the requirements for filing taxes in the state’s in which they do business.

What Do Tax Preparer Training Courses Cover?

Tax preparer courses typically teach students state-specific tax information. These training courses cover topics such as how to determine a taxpayer’s filing status, eligibilty for deductions and exemptions, the taxpayer’s refund or balance due, and then file the tax return.

Students in tax preparer courses also learn about the various forms and schedules their clients may be required to file. For instance, clients who own businesses, are independent contractors, participate in Limited Partnerships, or earn income from a farm have special filing requirements.

About Income Tax Preparers And Our Certified Tax Preparer Courses

Steps For Taking Income Tax Preparation Courses

Step 1: Get A Preparer Tax Identification (PTIN) Number From The IRS

As mentioned above, you need a PTIN number to prepare income taxes. If, however, you plan on starting your own tax preparation firm, you also will need an Electronic Filing Identification Number (EFIN) from the IRS. This gives your firm the ability to e-file tax returns, which is generally required of a firm that files 11 or more income tax returns.

Step 2: Determine Which Tax Preparation Course You Want To Take

This part is simple, as TrainingCenter offers multiple Income Tax Preparer courses. Simple click any of the links in the “Recommended Courses” Link above to see specifics or to order a course.

Good luck becoming a Tax Preparer!