Three Ways to Gain Credentials as a Tax Preparer

Remember the article a few months ago about how hairdressers are more regulated than tax preparers?  That article got a lot of attention (and for good reason) because for the first time someone was calling out the fact that there’s no standardized test or license that has to be acquired in order to prepare taxes for others.  It’s no secret to those in the industry that consumers should be wary of who they choose to prepare their taxes and this article pretty much spelled it out.

As a tax preparer, even though you don’t have to go through regulations to prepare taxes, it’s important to ensure that you have the proper training so that mistakes can be avoided.  At The Income Tax School, we offer the option of being trained and gaining a certificate as proof of your education.   We do this so that our students can show clients that they’ve been through training and are competent.  If you’re thinking about becoming a tax preparer, or just want to expand your knowledge to be able to prepare more complicated returns, we have three programs that would increase your knowledge and offer a set of credentials for you to display in your office.

1. Chartered Tax Advisor

The Chartered Tax Advisor certificate is for learning the basics.  This program is only 2 courses (the Comprehensive Tax Course and Advanced Level 1 Tax Course).

What you’ll learn:

With this program you will learn to prepare tax returns for most Form 1040 individuals, non-business taxpayers, and small business taxpayers (self-employed/Schedule C).  You will also learn how to research tax issues.

 

2. Chartered Tax Consultant

This program starts with the same two classes as the CTA program and then gets more advanced with an additional course: Small Business Level 1 Tax.  This certificate will enable you to prepare both individual Form 1040 and small business corporation Form 1120 & 1120S and partnership Form 1065 tax returns.  No prior tax or accounting knowledge is required, and minimal computer skills.

 

3. Chartered Tax Professional

The Chartered Tax Professional (CTP) certificate program includes 5 courses.  It will enable you to prepare both basic and complex individual Form 1040 and small business corporation Form 1120 & 1120S and partnership Form 1065 tax returns.  The CTP program also covers all topics on the IRS Enrolled Agent (EA) exam and will help you to pass the EA exam after taking an EA exam review.   An EA is the highest designation you can earn in the tax preparation industry.

Courses included in this program

If you are just getting into the tax preparation business, getting started with one of these three programs is a great way to get a leg up on the competition.  Our Tax School has been nationally recognized and honored by multiple organizations.  Show potential clients that you’ve invested in tax preparer training and get that certificate!

 

Related Posts

How to Become an Enrolled Agent

Five Best Practices for Starting Your Own Tax Business

Why You Should Learn to Prepare More Complicated Returns

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2 thoughts on “Three Ways to Gain Credentials as a Tax Preparer

  1. Hi please advise if you cover taxation of business activities, tax individual, tax admin, tax estates.

    And how much does it cost?

  2. Hi Gugu,

    Thanks for your question.

    Depending on the type of business activities, the following things are covered in the specific courses listed below:

    • Comp includes Schedule C and Schedule SE
    • Advanced 1 covers Schedule C
    • Schedule C seminar covers Schedule C
    • Small Business 1 and 2 cover 1065, 1120 and 1120

    Tax – individual topics:

    • Comprehensive, Advanced 1 and Advanced 2 cover individual tax
    • Multiple seminars cover individual tax

    Tax admin:
    Not sure what you are looking for here. We need more information to answer this question.

    Tax estates:

    • Estates and Trusts seminars

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