What Are The Roles Of A Certified Tax Preparer? - PowerPoint PPT Presentation

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What Are The Roles Of A Certified Tax Preparer?

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As a certified tax preparer, you play a crucial role in helping individuals and businesses file their tax returns accurately and in a timely manner. Your responsibilities may include gathering and organizing financial information, preparing tax forms, reviewing tax returns for errors, and advising clients on tax-related issues. Additionally, you may need to stay up-to-date on changes to tax laws and regulations, and ensure that your clients are aware of any tax credits or deductions they may be eligible for. Know here the roles of Certified Tax Preparer. – PowerPoint PPT presentation

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Title: What Are The Roles Of A Certified Tax Preparer?


1
What Are The Roles Of A Certified Tax Preparer?
  • TAX Preparation Services

2
Meaning of a Certified Tax Preparer
  • Have you ever wondered what a certified tax
    preparer does? Who are they, and why theyre so
    important in the world of taxes? Well, if so,
    this article is for you. Well cover everything
    from what a certified tax preparer is, what a
    certified tax preparer does, and even why its
    worth working with someone trained by experts.
  • A certified tax preparer is a person who has
    passed an exam administered by the IRS or its
    state equivalent and is therefore authorized to
    provide professional tax preparation services.
    For a company or individual to become certified,
    they must first pass an IRS-administered test
    covering topics ranging from basic bookkeeping to
    income taxation principles.

3
How do you become a certified tax preparer?
  • You can become a certified tax preparer by
    passing a tax preparer exam. The American
    Institute of Certified Public Accountants (AICPA)
    gives the exam. You must also take a continuing
    education course every year, so youll have to
    keep up with state requirements for continuing
    education. Finally, youll need an active state
    tax preparer license to practice as an
    independent CPA in that states jurisdiction.

4
What are the benefits of working with a certified
tax preparer?
  • More accurate return A certified tax preparer is
    an expert in all types of tax returns, so they
    have a thorough understanding of the law and know
    how to file the correct tax forms
  • Better planning As a certified tax preparer,
    youll be able to take advantage of their
    knowledge when it comes time to plan your
    businesss financial future. It means that if any
    changes in government regulations or legislation
    come down the pipe, they can help ensure that
    your company will be ready no matter what happens
    next
  • Reduced chance of audit When working with an
    inexperienced freelancer or hourly employee who
    may not know all the ins and outs behind
    preparing a complicated return. Its hard not
    only for them but also for anyone else involved
    in those discussions, which may not speak up
    about potential issues until after everything has
    been finalized and submitted back
  • A higher level of professionalism than that
    offered by other types of accountants or
    financial advisors
  • In-depth knowledge of federal and state laws
    relating specifically to their specialty area
  • The ability to work on complex situations that
    require specialized knowledge
  • Accessibility due to lower fees than other types
    of professionals

5
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6
How to Apply to become a certified Tax preparer?
  • They must also apply supporting documentation to
    prepare, sign, and file federal income tax
    returns
  • CPAs must have 150 hours of accounting education
    and pass a national exam administered by the
    American Institute of Certified Public
    Accountants (AICPA). The exam covers basic
    financial management principles and prepares you
    for state licensing exams.
  • Theyre allowed to represent clients before all
    levels of the U.S. Tax Court system and all
    administrative appeals offices within the IRS
  • Enrolled agents can represent clients before all
    levels of the U.S. Tax Court system, including at
    any administrative appeals offices within the
    IRS. It means they can express their clients in
    any tax dispute with the IRS, whether its an
    audit or other issue like a phone call from
    someone who wants your help filing taxes
    electronically or paying them instead of doing it
    yourself and getting yourself audited.

7
What are the responsibilities of a Certified tax
preparer?
  • Certified tax preparers have a lot of
    responsibilities
  • Certified tax preparers must be responsible,
    honest, and ethical and not lie on tax returns.
    They also need to be professional to communicate
    easily with their clients. A CPA or IRS-certified
    tax expert must have a good amount of knowledge
    about the tax code to prepare accurate documents
  • Certified tax preparers are recognized by the
    government and can help you file your taxes
    correctly
  • A certified tax preparer is a professional who
    has passed an exam and been certified by the IRS.
    They can help you file your taxes correctly,
    identify potential errors, and ensure all your
    deductions are claimed.
  • If you to manage your business and personal
    taxes, then We Global FPO can help you out. We
    have a team of certified tax accountant, who can
    help you to make tax planning and tax
    preparation, so that you can you can save more
    taxes and manage your cash flow.

8
Connect with Us Today
  • Website- https//www.globalfpo.com
  • Call Us- 1 347 781 5928
  • Email- contact_at_globalfpo.com
  • Address- Coddell Court, Mount Pleasant, South
    Carolina, 29466
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