Looking for a new career? A career as a tax professional can be very rewarding and getting started doesn’t require any knowledge of the industry. Here’s how you can become a tax professional before tax season.
Tax business start-up checklist
- Enroll in tax course (beginner and/or advanced tax courses)
- Read the New Rules for Federal Tax Return Preparers
- Purchase and read Surgent Income Tax School’s Tax Practice Management Manuals
- Joining our LinkedIn group to interact with other tax professionals and stay on top of industry news: Tax Business Owners of America (TBOA)
- Consider joining the National Association of Tax Professionals (NATP)
- Register with the IRS as a Tax Preparer – Get Your Preparer Tax Identification Number (PTIN)
- Apply for IRS Electronic Filing Identification Number (EFIN) so you can e-file tax returns. Before you can electronically file tax returns, you must apply to become an Authorized e-file provider with the IRS. This process is facilitated by the IRS in three phases:
- Phase 1: Create an IRS e-services Account – Before you can begin the application process, you must apply and be approved for an e-services account with the IRS. The IRS may take several days to verify and approve your information, so it is important to plan accordingly.
- Phase 2: Submit Your Application – After you are approved for e-services, you will be able to log into your account to fill out the online application to become an IRS e-file provider. Plan accordingly as it may take up to 45 days for the IRS to approve an Authorized e-file Provider application.
- Phase 3: Pass a Suitability Check – After you submit your application and any related documents, the IRS will conduct a suitability check on the firm and each person listed on your application as either a principal or responsible official. This may include: a credit check; a tax compliance check; a criminal background check; and a check for prior non-compliance with IRS e-file requirements. Once approved, you will get an acceptance letter from the IRS with your Electronic Filing Identification Number (EFIN).
- Order tax preparer software