Tax preparation involves preparing tax returns, often income tax returns, for someone other than the taxpayer. This is usually done for compensation. Tax preparation can be done by the taxpayer with or without the help of tax preparation software and online services.
Most tax preparers make between $30,000 and $50,000 a year.
To be a successful tax preparer, you'll need to understand tax law and keep up with updates, be detail-oriented and organized, and build trust with clients.
There is always the potential risk that a tax preparer may give inaccurate or incorrect information which could lead to an individual or business owing more money to the IRS. Additionally, if a taxpayer relies on a tax preparer to file their taxes and the preparer makes a mistake, the taxpayer could be subject to penalties and interest.
📋Places to Start
1. Ziprecruiter — a site that helps people find jobs and prepare for interviews. It also has a section on how to make money with Tax Preparer.
2. Upwork — a website where you can find work as a Tax Preparer and make money.
3. TurboTax — a software that helps people prepare their taxes and can be used to make money as a tax preparer.
4. TaxACT — a program that helps people prepare their taxes and can also be used to make money as a tax preparer.
5. H&R Block — a tax preparation company that helps people with their taxes. They also offer a tax preparer program that helps people make money by preparing taxes for others.
6. TaxSlayer — a website that helps people prepare their taxes and get the most money back. Tax preparers can use TaxSlayer to help their clients get the best refund possible.
7. FreeTaxUSA — an online tax preparation service that offers free federal and state tax filing for taxpayers. Tax preparers can use FreeTaxUSA to help their clients prepare and file their taxes for free.