A tax preparer is a professional who helps individuals and businesses prepare and file their tax returns. They are knowledgeable about tax laws and regulations and can help ensure that their clients comply with all applicable tax laws while minimizing their tax liability. Tax preparers can work independently or for a tax preparation company, and they may specialize in certain types of taxes or industries.
The qualifications to become a tax preparer vary depending on the state and the type of tax return being prepared. In general, tax preparers must have a high school diploma or equivalent and complete a tax preparation course. Some states require tax preparers to pass a competency exam or obtain a license. Additionally, tax preparers may need to complete continuing education courses to stay up-to-date on changes to tax laws and regulations.
The cost of hiring a tax preparer can vary depending on the complexity of the tax return and the experience of the tax preparer. Some tax preparers charge a flat fee, while others charge an hourly rate. The average cost of hiring a tax preparer for a basic tax return is around $176, according to a survey by the National Society of Accountants. However, the cost can be higher for more complex tax returns or for tax preparers with more experience.
Hiring a tax preparer can provide several benefits, including: