Taxes are deemed paramount in today’s modern world, and no one should get away without paying them. Whether you’re an entrepreneur running a business, an employee working for a company, or a consumer buying some goods, you are subject to making a financial contribution through taxes. As you may or may not be aware, they are imposed by the government, typically used for the government’s spending and various public expenditures.
As the government requires them, you might be looking to work as a tax specialist to help individuals and businesses prepare and file their taxes. If you are planning to go down this career path, here are four key routes you can take as an aspiring tax preparer:
Getting certification through the Internal Revenue Service (IRS), an enrolled agent is primarily focused on tax planning and preparation. Some agents are specialized in tax resolution as well. With the practice rights granted by the IRS, you can handle various tax-related matters and represent clients. To earn this title, you must 1) work in the IRS for at least five years, 2) pass the three-part Special Enrollment Exam (SEE) and the background check, and 3) complete 72 hours of continuing education every three years to maintain your status and practicing right.
The legal world has various specialization areas—from criminal and family law down to civil rights law. However, you must have a law degree and pass the bar exam. Some legal professionals are specialized in taxation, where they can choose a focused area, such as business tax, corporate tax, estate, and gift taxation, finance, international tax, federal taxation, or successions. This field is something that’s worth pursuing, as this is such a lucrative career choice. Not only will you prepare taxes for clients, but you will also represent those involved in a tax-related court case.
These professionals need to have a degree in accounting, must pass the board exam, and earn some certification set forth by the state. They are also required to complete the continuing professional education (CPE) credits each year. It’s common among accountants to specialize in tax planning and preparation later on. If you want to take this route, you’ll be helping businesses and entrepreneurs manage their finances and file their taxes as well.
This last option is where you don’t need to have certification to earn the title and become a tax specialist. In fact, you don’t need an official license or title to prepare taxes per the current legislation. In this case, you can practice certain official obligations, such as preparing and planning tax-related matters but not necessarily going beyond them, such as representing clients in the court.
At this point, we’ve covered the four routes you can take as an aspiring tax preparer—an enrolled agent, tax attorney, certified public accountant, or tax specialist with no certification. If you plan to take on one of these routes, it’s best to invest in software for tax preparers so that you can make your tasks more streamlined, efficient, and accurate for the benefit of your clients!
We’re specialized in providing professional tax preparers software designed to help your business grow and flourish. If you’re specifically looking for software for taxes, get in touch with us today for a free demo!
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