Wednesday, March 3, 2010
Income Tax Preparer - Certification Can Be Done by the IRS By Mark Y. Salmon
Posted by sir wil at 8:49 PM
For those individuals that wish to become an income tax preparer, there are courses that can be taken. The IRS has a Volunteer Income Tax Assistant Program where area volunteers can be trained to help those in their community. A good example of this type of volunteer work comes from the Elms College in western Massachusetts.
For the last 5 years, Elms College students in this area go through training with the IRS. Upon completion of the training, there are examinations that have to be passed. There are two different levels, the basic exam and the intermediate exam. This year, 19 students passed both exams and are helping the citizens in their area with their returns.
This year with 19 students, about 30 to 40 tax returns are prepared during each 5 hour session. Just like with these volunteers, if there is a group in your area involved in this type of program, an appointment should be made due to the demand of these free services.
One word of warning if a service like this or any other is used whether it is a free service or paid for, the tax payer is responsible for their return, immaterial of who prepares it for them. There are those like H&R Block that will help represent you against the IRS if any mistake is found. But all penalties and fines will be paid by the tax payer, no matter who prepared the tax forms. For this reason, it is advisable to review your tax forms before submitting them to the IRS after an income tax preparer is finished with your return.
Of course, the above is not legal or accounting advice -- it is for informational purposes only. Before making any decisions regarding legal or tax matters, it is vital that you consult a licensed professional lawyer or tax accountant.
It is critical to get professional council when dealing with income tax forms and related matters. Study on the computer is a sensible method for keeping your hourly lawyer bills low, but always check your findings with a licensed attorney or accounting professional before making any financial or business decisions. If you need more information about visit us today - http://www.irs-help-tax.com.
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