How to Become a Tax Preparer in New Mexico
A tax preparer organizes tax information for small businesses and individuals. Common duties of a tax preparer include interviewing clients, gathering financial documents and filling out necessary forms for the IRS. While tax preparers in New Mexico do not have to have a four-year accounting degree, they are required to have a certain level of education/training.
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Instructions
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Attend a tax preparation training program within your city. The state of New Mexico requires you to attend a training school and have a high school diploma. Most community colleges and vocational schools offer a tax preparer certification program, which covers all the necessary laws and processes for preparing individual and small business tax returns. Tax preparer training courses are also available through online institutions. The CPA Training Center lists all online training courses available in New Mexico for tax preparation. The cost for a training program will vary according to the institution you attend.
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Apply for a Tax Preparer Identification Number from the IRS, which is a legal requirement in New Mexico if you want to prepare taxes for individuals and small businesses. As a tax preparer, you will sign tax returns on behalf of your clients. Thus you must be registered with the IRS.
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Obtain a job working for a state licensed tax-preparation firm under the direct supervision of a certified public accountant (CPA). Working at a tax-preparation firm will provide you with training regarding current tax regulations and also provide you with on-the-job education to enhance your skills as a tax preparer.
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Join the National Association of Tax Professionals (NATP) after you have gained employment with a tax-preparation firm. This organization provides ongoing education and training to keep you updated on the latest tax laws and regulations. As a NATP member, you will be held to the highest standards in tax preparation.
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Tips & Warnings
Do not prepare taxes for individuals or small businesses unless you have completed a tax-prep training program and filed for your Tax Preparer Identification Number with the IRS.
