Certified Tax Consultant
The consultant that are certified or have some diploma in tax advisor practices are known as
certified tax consultant. A person can be self employed certified tax consultant by lawfully preparing personal income tax returns. A person should have 780 hrs or more in some nations for pre examination.
To become a certified tax consultant:
- A person should have the proof that he/ she has worked for 780 hrs or more within 2 yrs within last five yrs of exams as a tax practitioner. An Employee Verification form along with fees and examination application form should be submitted by tax preparer.
- A minimum 15 hrs or more of acceptable education is also an important criteria that an applicant must complete within 1 year prior of the examination
- A person should complete 260 hrs of work with continuing studies so that there is a ration of 1:5 i.e. 1 classroom hour is equal to 5 hrs of work experience. If there is an application of renewal there is no work experience credited.
- A volunteer verifying form is filled for validation by the candidate and basically checked by the volunteer’s supervisor. If this is not done a letter verifying number of hours volunteered is used.
- A tax consultant examination of particular board should be passed by 70% in some states while 75% in other.
In India Chartered Accountant (CA) is the one who is licensed and certified for tax consultancy. A chartered account has a mere knowledge of the tax system and all the laws. The steps satisfied above are well satisfied in training of CA’s. He/ she are the one who is ace in taxation, accounting and internal as well as external auditing. Now-a-days they act as manager or general of a person’s or organization’s finance because he is the one who is only acceptable as an auditor in companies in India.
Types of Tax Consultants | Naval | 
June 30, 2009 3:14 pm
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