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CPA vs. Unlicensed Tax Preparers: Making Informed Choices for Tax Time

Compare the benefits of working with a Certified Public Accountant (CPA) versus unlicensed tax preparers. Discover the advantages of partnering with a CPA, who offers year-round support, expertise, and personalized service. Learn about the new IRS Registered Tax Return Preparer Program and why choosing the right tax preparer is crucial for compliance and ethical standards. Gain insights into the importance of PTINs and Circular 230 regulations in the tax preparation process. Make informed decisions and build a trusting relationship with a professional who understands your financial needs.

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CPA vs. Unlicensed Tax Preparers: Making Informed Choices for Tax Time

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  1. CPA vs. Unlicensed Tax Preparers

  2. Tax Time • In this world nothing can be said to be certain, except death and taxes. - Benjamin Franklin

  3. New IRS Registered Tax Return Preparer Program • Two overall goals according to IRS • Enhance compliance • Elevate ethical conduct • Four major elements • PTIN (Preparer Tax Identification Number) is required if you are paid to prepare a return for someone else; All tax preparers must have one • Circular 230 (Treasury Governing Regulations) expanded coverage to include all tax return preparers (not just CPAs, attorneys and enrolled agents) • CPE & Testing **CPAs exempt from CPE and testing**

  4. Comparative Snapshot of Tax Preparers

  5. Points to Remember When Selecting a Tax Preparer • CPAs offer assistance and peace of mind all year long • CPAs have deep experience, breadth of knowledge and rigorous qualifications to address your most important financial needs and concerns • “Registered tax preparer” does not mean a minimum level of education or experience • Ask questions and choose someone you’ll enjoy working with – it’s a deep and trusting relationship “ insert personalized quote here from your client” -client name

  6. Partner with a CPA

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