WEBVTT

1
00:00:01.200 --> 00:00:03.933
Tax preparers prepare tax returns,

2
00:00:03.933 --> 00:00:06.266
and help individuals and small business

3
00:00:06.266 --> 00:00:08.099
put their documents in order

4
00:00:08.100 --> 00:00:09.933
to make filing taxes as accurate

5
00:00:09.933 --> 00:00:12.099
and efficient as possible.

6
00:00:12.100 --> 00:00:14.466
Preparers begin by interviewing clients

7
00:00:14.466 --> 00:00:16.399
about their taxable income,

8
00:00:16.400 --> 00:00:18.000
deductible expenses,

9
00:00:18.000 --> 00:00:19.566
and any allowances they may

10
00:00:19.566 --> 00:00:21.332
be eligible for.

11
00:00:21.333 --> 00:00:22.666
Their goal is to minimize

12
00:00:22.666 --> 00:00:24.366
their client’s tax bill,

13
00:00:24.366 --> 00:00:26.666
while ensuring all tax laws are obeyed.

14
00:00:26.666 --> 00:00:28.366
Preparers use the information

15
00:00:28.366 --> 00:00:30.366
from their interviews and client records

16
00:00:30.366 --> 00:00:32.932
to complete all necessary tax forms,

17
00:00:32.933 --> 00:00:35.866
compute taxes owed or returns due

18
00:00:35.866 --> 00:00:37.299
to be refunded,

19
00:00:37.300 --> 00:00:39.100
and then give clients instructions

20
00:00:39.100 --> 00:00:41.233
for filing their taxes correctly.

21
00:00:41.233 --> 00:00:44.133
Often, tax preparers file forms electronically

22
00:00:44.133 --> 00:00:46.099
on behalf of their clients.

23
00:00:46.100 --> 00:00:48.066
For clients with unusual returns

24
00:00:48.066 --> 00:00:50.199
or complicated business affairs,

25
00:00:50.200 --> 00:00:52.800
preparers may consult tax law handbooks

26
00:00:52.800 --> 00:00:54.566
and bulletins to determine

27
00:00:54.566 --> 00:00:55.932
the correct procedure,

28
00:00:55.933 --> 00:00:58.366
and explain applicable laws to clients.

29
00:00:58.366 --> 00:01:01.266
They also help clients with future tax planning.

30
00:01:01.266 --> 00:01:03.999
Tax preparers typically work in offices

31
00:01:04.000 --> 00:01:05.866
where they meet with clients.

32
00:01:05.866 --> 00:01:07.532
Work schedules often exceed

33
00:01:07.533 --> 00:01:09.066
40 hours a week

34
00:01:09.066 --> 00:01:10.766
and are busier as the mid-April

35
00:01:10.766 --> 00:01:12.599
tax deadline approaches.

36
00:01:12.600 --> 00:01:14.700
Tax preparers are trained on the job

37
00:01:14.700 --> 00:01:17.300
and typically need a high school diploma.

38
00:01:17.300 --> 00:01:19.000
Some positions may also require

39
00:01:19.000 --> 00:01:22.266
an associate’s or bachelor’s degree.