Tax Preparer Certification Requirements
Tax preparers can seek voluntary certification with the Internal Revenue Service (IRS). Get some quick facts about typical education and certification requirements.
Tax preparers generally need a high school diploma and receive on-the-job training; however, several 2- and 4-year postsecondary schools offer tax preparation courses for aspiring tax preparers. These professionals can seek voluntary certification through the IRS, though they are not allowed to use the word 'certified' as part of their title. Instead, those who meet IRS requirements receive a Record of Completion, and they'll be included in a directory on the IRS website beginning in January 2015.
|Required Education||High school diploma or equivalent|
|Other Requirements||On-the-job training; voluntary certification available|
|Projected Job Growth (2012-2022)*||10%|
|Median Salary (2013)*||$35,310|
Source: *U.S. Bureau of Labor Statistics.
Qualifications for voluntary tax preparer certification through the IRS are minimal. First, applicants must have a valid preparer tax identification number (PTIN), which is used at the bottom of any tax form that the preparer handles to ensure accountability. Additionally, they must complete 18 hours of continuing education annually, including 10 hours focused on federal tax law and a 6-hour refresher course geared toward the current tax season, though certain tax preparers are exempt from the latter course. The final two hours of continuing education must cover ethics topics.
Tax preparers meet with clients to determine which adjustments, credits and deductions can be applied to their taxable income. This typically involves reviewing clients' financial records, consulting current tax code and preparing state and/or federal tax forms. Some tax preparers work only seasonally, while others make this a full-time profession.
Salary and Job Outlook
The U.S. Bureau of Labor Statistics reported that the median annual salary for tax preparers was $35,310 in May 2013 (www.bls.gov). The number of employment opportunities for these professionals was expected to increase 10% from 2012-2022, which is about average, according to the BLS.
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