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CPA vs. Unlicensed Tax Preparers

In the realm of tax preparation, knowing the differences between CPAs and unlicensed tax preparers can significantly impact your financial well-being. The IRS Registered Tax Return Preparer Program aims to enhance compliance and elevate ethical conduct among all tax preparers. While CPAs must maintain rigorous qualifications and provide year-round support, unlicensed preparers may lack the same level of education and experience. Make an informed choice for your tax preparations by asking the right questions and selecting someone trustworthy, ensuring peace of mind during tax time.

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CPA vs. Unlicensed Tax Preparers

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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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