All You Need to Know About Being a Tax Preparer

TLDRIn this video, we discuss the role of a tax preparer, how to become one, the average salary, and the necessary skills. Check out the free printable in the description box for more information.

Key insights

💼Tax preparers work for both their clients and the IRS, minimizing tax burdens while complying with regulations.

📚Various types of tax preparers include general tax preparers, enrolled agents, CPAs, and tax attorneys.

💰The average starting salary for a tax preparer is around $20 per hour, depending on location and experience.

📝Requirements to become a tax preparer include a high school diploma, tax program familiarity, passing an exam, and obtaining a PTIN number.

🧩Essential skills for tax preparers include customer service, active listening, critical thinking, time management, organization, and attention to detail.

Q&A

What does a tax preparer do?

Tax preparers work for their clients, minimizing tax burdens while complying with tax laws and regulations. They use software to prepare and file taxes and may also represent clients in case of audits or court proceedings.

What are the different types of tax preparers?

There are general tax preparers, enrolled agents, CPAs, and tax attorneys. Each has different levels of expertise and certification requirements.

What is the average salary for a tax preparer?

The average starting salary for a tax preparer is around $20 per hour, depending on location and experience.

What are the requirements to become a tax preparer?

The requirements may vary by state, but generally, you need a high school diploma, training in tax programs, an IRS Preparer Tax Identification Number (PTIN), and passing an exam.

What skills are necessary to be a tax preparer?

Essential skills for tax preparers include customer service, active listening, critical thinking, time management, organization, and attention to detail.

Timestamped Summary

00:00Tax preparers work for both their clients and the IRS, minimizing tax burdens while complying with regulations.

00:09Various types of tax preparers include general tax preparers, enrolled agents, CPAs, and tax attorneys.

04:34The average starting salary for a tax preparer is around $20 per hour, depending on location and experience.

04:59Requirements to become a tax preparer include a high school diploma, tax program familiarity, passing an exam, and obtaining a PTIN number.

05:49Essential skills for tax preparers include customer service, active listening, critical thinking, time management, organization, and attention to detail.