Know About Tax Preparers In Maryland
January to April 15, it is a busy schedule for most of the tax payers and tax preparers in Maryland
. You will find a rush of people filing their previous years income taxes and IRS coming up with loads of annual tax payment tips. If you are finding for such a Tax accountant or tax preparers filling W-2 form for you, this article would be much of your use.
Before giving you the tips on how to find a
Maryland Tax Accountant, let us explain a brief about Maryland Tax regulation on Tax preparers:
Tax Preparers under Maryland law regulations:
IRS does not have anything to deal with Tax preparers. In fact, in US only Oregon, California, and Maryland have regulations regarding tax preparers. Recently licensing process of individual tax preparers has been passed.
In Maryland, a tax preparer has to be licensed with the State Board of Individual Tax Preparers as per Maryland Department of Labor, Licensing, and Regulation. However a Certified Public Accountant licensed in Maryland or an official administered by local, state or county government needs not to have any licensing done.
Qualifying criteria:
As per Maryland Law, there are certain qualifying examinations for the individual tax preparers. They must be at least 18 years in age with a high school diploma and able to pass a written exam administered by the board. Once these are successfully over, the candidates can practice by themselves or through a tax preparation companies. There is a license renewal policy in every two years with minimum of 16 hours of course preparation.
If it is without attempting the examination, the tax preparer must have at least 15 years of consistent law practicing experience. It shows the quality and reliability factors of Maryland Tax preparer.
Why Federal Government is boosting these accountants:
There is an interesting observation too. Though IRS is not directly regulating the tax preparers, but they are showing interest to them because of revenue factors. Usually Federal Government is spending huge every year to recover the tax from people.
It is not because people dont want to pay taxes, or there is any deception or unlawful objective. Rather it is simply ignorance that makes thousands of error while processing the tax return file. You will not believe How does this cause revenue loss of several hundred billion dollars every year to the treasury.
However, before choosing your preparer, check persons qualification, past history, service fee. Also make sure you dont sign a blank return and the form has preparers signature in place.
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Maryland Lawyer directory has gathered the list of all the renowned lawyers and attorneys. Over the time it has become a vast resource of Maryland based lawyers or law firms.
by: James Blatt
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