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CPAs are authorized to undertake any of the duties of a Registered Tax Return Preparer, without obtaining that specific credential, and can also provide financial audit and attestation services, and supervise unregistered tax return preparers. [15] [12] CPAs are licensed by licensure bodies in each state and territory.
Enter tax preparers, professionals who've made careers in preparing others' tax returns. These individuals provide an alternative to both filing on your own and using tax preparation software.
There are four general types of tax preparers: certified public accountants, enrolled agents, tax attorneys, and non-credentialed preparers. Here's a quick guide on the differences between them ...
Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes (53.5% of individual tax returns in 2016 were ...
Circular 230 contains rules of conduct in preparing tax returns. [14] Persons preparing tax returns must not: Take a position on a tax return unless there is a realistic possibility of the position being sustained on its merits. Frivolous tax return positions are prohibited. Unreasonably delay prompt disposition of any matter before the IRS.
Alamy Less than two months remain before the IRS's income tax filing deadline, and taxpayers across the United States are scrambling to compile receipts, deductions, charity giving and, of course ...