Business

All American Tax Service – Become a Tax Preparer

Tax preparation is basically the task of preparing tax statements, usually income tax statements, for an individual other than the primary taxpayer, and most commonly for employment compensation. Tax preparation can be accomplished by the individual with or without assistance from tax preparation services and tax software. The benefit of hiring tax preparation services is that the professional will have the experience and understanding of the complex Internal Revenue Code and in particular the tax bracket into which the individual falls. A CPA is someone who is certified by the American Institute of Certified Public Accountants. CPA’s are also referred to as “tax preparers” or “accountants”. Most states require that CPAs have an active license to practice. Our website provides info about Income Tax Preparation.
Taxation is a very serious endeavor, as it involves the recording of significant financial transactions and the determination of the tax liability of individuals and businesses. Because of this, many accountants and other professionals (e.g. certified public accountants, auditors, attorneys, and tax preparation professionals) have either acquired further education or have been licensed in their field to specialize in a particular area of the accounting field.
In addition to having completed their accounting degree or certificate program, CPAs must also have three years of experience working with clients in various fields, including tax preparation. This experience can be gained by working for accounting firms, law firms, or by serving as an independent tax professional. Certified public accountants (CPA), attorneys, and tax preparation specialists can also become CPAs if they meet certain requirements.