Become a CRTP
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This document outlines the steps to become a California Registered Tax Preparer (CRTP). It discusses that California regulates tax preparers through the California Tax Education Council and requires a 60-hour education course, a $5,000 tax preparer bond, and registration with CTEC. It also notes additional requirements like having a Preparer Tax Identification Number from the IRS and being at least 18 years old. The document provides details on obtaining education, bonds, registration and renewal requirements.
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Become a CRTP
- 1. BECOME A CALIFORNIA REGISTERED TAX PREPARER Charles Davidson, Accelerated Tax Systems
- 2. This presentation discusses the steps to become a California Registered Tax Preparer (CRTP). If you have questions, please contact: Charles Davidson Accelerated Tax Systems davidson@acceleratedtaxsystems.com www.acceleratedtaxsystems.com Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 3. California is one of the few states to regulate the tax preparation industry California Business and Professions Code, §22250- 22259 California Tax Education Council (CTEC) California Registered Tax Preparer (CRTP) Unregulated preparers face fines $2,500 for first offense $5,000 for subsequent offenses Franchise Tax Board (FTB) is authorized to levy penalties Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 4. Requirements to Become a CRTP 60-hour qualifying education course $5,000 tax preparer bond Register with CTEC Additional Requirements Be at least 18 years old Obtain a Preparer Tax Identification Number (PTIN) from the Internal Revenue Service (IRS) Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 5. Preparer Tax Identification Number (PTIN) Issued by the IRS Uniquely identifies preparer on the tax return Every paid tax preparer must have one Visit www.irs.gov to apply Cost - $64.25 Apply for a PTIN shortly after enrolling in a class Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 6. Qualifying Education Basic tax education course 60-hour qualifying education (QE) course CTEC-approved education provider A list is available from www.ctec.org Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 7. Variety of Providers Same required curriculum Traditional Classroom vs. Online Cost $100 - $1,500 Course Completion Provider will issue a certificate of completion You do not need this certificate to register Provider must upload your information electronically Registration is not complete until you register Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 8. Tax Preparer Bond $5,000 surety bond Purpose of the bond Obtain through a specialty insurance agent Credit check may be required May be obtained online Bond tips Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 9. Register with CTEC www.ctec.org Cost - $25.00 Complete the application online Have your PTIN and bond information Make sure your education provider has previously reported your course hours Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 10. Renew Registration Every Year by October 31st Late fees and penalties Repeat 60-hour course Requirements Complete 20 hours of continuing education (CE) 10 hours of Federal tax law 3 hours of Federal tax law update 2 hours of ethics 5 hours of California tax law Maintain a valid PTIN Maintain $5,000 tax preparer bond Renew CTEC registration Become a CRTP Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 11. Accelerated Tax Systems is a full-service company that provides the products, services, and resources that help you create and grow a successful tax practice. Tax Education Training Software and Bank Products Marketing Operations Consulting Services Accelerated Tax Systems Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 12. Accelerated Tax Systems Leading provider of qualifying and continuing education programs Approvals Internal Revenue Service Return Preparer Office California Tax Education Council (CTEC) Fundamentals of Income Tax Preparation Self-paced, online course $249.00 www.1040taxschool.com Accelerated Tax Systems Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
- 13. Contact Us Charles Davidson Accelerated Tax Systems 2910 Weald Way No. 514 Sacramento, CA 95833 (916) 717-6454 davidson@acceleratedtaxsystems.com www.AcceleratedTaxSystems.com Accelerated Tax Systems Copyright 2013 Accelerated Tax Systems. All Rights Reserved. www.AcceleratedTaxSystems.com
Editor's Notes
- I’d like to tell you just a little bit about my company. Accelerated Education System, is a leading provider of educational programs. We have been in business for 8 years and we are approved by the Internal Revenue Service Return Preparer Office as well as the California Tax Education Council. We offer both qualifying and continuing education classes in an online, self-paced environment. You can complete your courses in as little as a few weeks or take as long as you need. We have instructors standing by who can help you with your questions. Currently our Fundamentals of Income Tax Preparation course is priced at $249 and you can enroll at www.1040taxschool.com