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Eligibility criteria for Diploma in Taxation is Graduation in Commerce or Law from a recognized university. Many universities also accept candidates having Graduation degree in Art/Science streams with one year practical experience in Taxation or related fields or.
Take a 60-hour qualifying education course from a CTC approved provider within the past 18 months. Purchase a $5,000 tax preparer bond from an insurance/surety agent. Obtain a Preparer Tax Identification Number (PAIN) from the IRS, and. Pay a $33 registration fee.
IRS registration to become a Tax Preparer (obtain a Preparer Tax Identification Number (PAIN) FREE right now! Voluntary IRS Annual Filing Season Program around $100 or less. Professional tax preparation software (lower cost options are available) $500. Tax preparation Marketing and Tax Office Supplies $500.
All tax preparers must obtain an identification number from the IRS, and, in many cases, pass an exam before they can prepare federal tax returns. Some states also require tax preparers to become licensed or to register with the state before practicing.
TAX PREPARERS. Verify Your Listing. Update Your Listing. Prioritize Your Listing. PAIN Information. Renew Your PAIN Number. Basic Tools for Tax Professionals.
During the 3-month tax season tax preparers can earn up to $50,000 or more. Successful independent (self-employed) tax preparers, operating their own tax preparation businesses, can make substantially more money than a tax preparer who is an employee. Many independent tax preparers earn $100,000 or more per tax season.
Diploma in Taxation is a one-year program in Accounting and Commerce, which imparts theoretical and practical knowledge of Direct & Indirect Taxes, Financial Accounting and Auditing. Diploma in Taxation is mainly suitable for Income Tax officials, Consultants, Advisors, Chartered Accountants and Company Secretaries.
Taxation refers to the practice of collecting money from citizens and trading companies by government institutions, in order to finance public institutions, goods and services. Taxation degrees use knowledge from areas such as economy, legislation, politics, public administration and international business.

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