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Republic INSPECTION COPY990OMB No. 154500472019Return of Organization Exempt From Income Tax(Rev. January 2020)Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
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The preparer file copy is typically needed by individuals or organizations involved in tax preparation or financial reporting. This copy serves as a reference for the preparer, allowing them to keep a record of the information provided and the services performed. It may be required for future audits, reviews, or other financial investigations. Additionally, clients or regulatory authorities may request a copy of the preparer file for verification purposes.
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The preparer file copy is used to keep a record of the tax return prepared by a tax professional for their clients. It serves as documentation for the preparer and may be required for compliance and audit purposes.
Tax professionals who prepare tax returns for clients are required to file a preparer file copy for each return prepared on behalf of a client.
To fill out the preparer file copy, the preparer must include their identifying information, the client's details, the type of tax return, and all relevant financial information as outlined in the tax return itself.
The purpose of the preparer file copy is to maintain accurate records of the tax returns prepared by the tax professional, ensure compliance with tax laws, and to provide a reference in case of future inquiries or audits.
The preparer file copy must report the preparer's name, Preparer Tax Identification Number (PTIN), client information, type of tax forms filed, and any relevant financial details used to complete the return.
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