Define Tax Preparer
There are several careers in the financial industry. Among the most common jobs are those held by tax preparers. The Bureau of Labor Statistics defines "tax preparer" in clear detail.
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Professional Tax Preparation Services
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Tax preparers submit their clients' wage information to the IRS via electronic software, online, or using a standard tax form. They usually check the forms for accuracy prior to submitting them.
Formal Training
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Many tax preparers attend courses offered by a college or established tax preparation chain in preparation for their careers. One can become a tax preparer without being a Certified Public Accountant.
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Provide Professional Tax Advice
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Tax preparers offer professional advice to clients and potential customers about the tax statutes set forth by the Internal Revenue Service.
Arrange Tax Refunds and Payments
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Tax preparers often arrange for customers to receive "rapid refunds" via check or direct deposit to a bank account. If taxes are owed, they may help the client obtain the information necessary to make their payment to the government.
State, City, and Local Taxes
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Tax preparers are not restricted to filing federal taxes. They are authorized to file state, local, and city taxes as well.
Nontraditional Preparers
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A tax preparer can also be defined as someone who literally prepares taxes for someone else. This is often done without formal training by non-career preparers.
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References
- Photo Credit tax forms image by Chad McDermott from Fotolia.com
