how much does it cost to take a tax preparation course

Is it worth becoming a tax preparer?

High Earning Potential According to the U.S. Bureau of Labor Statistics, or BLS, tax preparers earned an average salary of ​$52,710​ per year as of May 2020. The BLS reports that accountants working in tax preparation services averaged an annual salary of ​$85,050​ per year as of May 2020.

Does the IRS train tax preparers?

The IRS provides free tax law training and materials. Volunteers receive training materials at no charge. The tax law training covers how to prepare basic federal tax returns electronically.

How long does it take to learn how do you do taxes?

In most cases, it takes about two seasons to learn the basics of tax preparation.

Is it hard to be a tax preparer?

The task of becoming a tax preparer can be relatively easy compared to the rocky road of some similar ventures, such as becoming a real estate agent or an insurance agent. Tax preparation can be a quirky profession, meaning it is essentially not a year round profession but a more seasonal one.

How do I become certified to the IRS?

How to become a registered tax preparerTake a 60-hour qualifying education course from a CTEC approved provider within the past 18 months.Purchase a $5,000 tax preparer bond from an insurance/surety agent.Get a Preparer Tax Identification Number (PTIN) from the IRS.Approved Lives Scan.More items...

How do I become a tax professional?

Eligibility for Becoming Income Tax Return Preparer Any individual who holds a graduate degree from a recognised Indian Univerisity in the fields of Business Administration or Management or Commerce or Economics or Law or Mathematics or Statistics can become an Income Tax Return Preparer.

What's the difference between a CPA and a tax preparer?

A Certified Public Accountant (CPA) is a licensed professional with advanced education and training in many areas of accounting and business. A licensed tax preparer does not need advanced degrees for basic tax prep, but must show competence through a formal exam or IRS employment.

How many hours does it take to do your taxes?

It takes an average American taxpayer 11-13 hours to prepare their taxes according to the IRS. Record keeping, tax planning, form submissions and other related activities are considered when calculating this time.

What are the pros and cons of professional tax preparers?

The Pros and Cons of Professional Tax PreparationPros of professional tax preparation. The fees may be deductible in some cases. ... It will save you money and time. ... Cons of professional tax preparation. ... It might cost too much.

What degree do you need to file taxes?

In general, tax preparers are required to have a high-school diploma or equivalent. That is, you don't need a bachelor's or associate degree to get started or to thrive in the tax preparation industry. However, any aspiring tax preparer should be aware that the job will require some basic skills.

What skills do you need to be a tax preparer?

Required Skills/Abilities:Excellent verbal and written communication skills.Excellent interpersonal and customer service skills.Ability to understand and apply tax laws and changes in the preparation process.Excellent organizational skills and attention to detail.Accurate math and accounting skills.More items...

Is tax accounting a good career?

In fact, the accounting field is expected to grow faster than the average career at a 6% growth rate, according to the Bureau of Labor Statistics. Joining this lucrative career means opening the door to several new opportunities and a rewarding way to earn a living.