Ads
related to: cpa individual tax preparation
Search results
Results From The WOW.Com Content Network
The reason he recommends a tax preparer for these scenarios is because these situations change what applies to you as a taxpayer based on the federal tax code, which in turn affects your return.
The office of the National Taxpayer Advocate has reported that of 76,715,982 U.S. individual income tax returns (Forms 1040, 1040A and 1040EZ) prepared by paid return preparers that were filed for the tax year 2017, a total of 39,252,790 returns were prepared by unenrolled preparers.
Tax returns are due April 15th every year. The choice between TurboTax vs. a CPA when preparing your returns is often based on time, money and financial complexity.
For premium support please call: 800-290-4726 more ways to reach us
Although the IRS regulates the practice of tax representation, it has no authority to regulate tax return preparers. [15] Some states also allow unlicensed accountants to work as public accountants. For example, California allows unlicensed accountants to work as public accountants if they work under the control and supervision of a CPA. [16]
To do so at the federal level as a business or vocation requires a tax advisor to become a Registered Tax Return Preparer — requiring the candidate pass a 120-question, multiple choice quiz —or to work directly under the supervision of a CPA. [12] [11] There are no mandatory educational requirements to become a tax return preparer.
Ads
related to: cpa individual tax preparation