Question

Suzanne is a new tax preparer, and she has just finished training through a 10-week Liberty tax course. What is the minimum criteria that must be met in order for Suzanne to be able to prepare a return for a Liberty office?a. She must acquire her PTIN and be at least White Star certified in the Tax Preparer Certification systemb. She must acquire her PTIN, meet all applicable state registration requirements, and pass any applicable state testsc. She must acquire her PTIN and pass any applicable state testsd. She must acquire her PTIN, meet all applicable state registration requirements, pass any applicable state tests, and be at least White Star certified in the Tax Preparer Certification system

Answer 1

It is not relying on the work of others is the required answer.

Explanation:

Under Circular 230, a practitioner must exercise due diligence in preparing tax returns which would include,

• in preparing or assisting in the preparation of approving and filling tax returns, documents, affidavits and other papers relating to internal revenue service matters
• in determining the correctness of oral or written representations made by the practitioner to the Department of the Treasury.
• In determining the correctness of oral and written representation made by the practitioner to clients with reference to any matter administered by Internal Revenue Service
• A practitioner will be presumed to have exercised due diligence for purpose of this section. If the practitioner relies on work product of another person and the partitioner used reasonable care in engaging, supervising , training and elevating the person, taking proper account of the nature of relationship between the practitioner and the person except as provided in $$10.34,10.35.
• therefore it is not relying on the work of others is the required answer.