On July 9, 2012, Jackson Hewitt Tax Service announced the nationwide launch of its Tax Schools in preparation for the 2013 tax season. Jackson Hewitt Tax Schools offer a comprehensive curriculum to meet the tax education needs of individuals who are new to the tax preparation field as well as ongoing training requirements of experienced tax professionals.
This year, tax preparer education and training takes on a new level of importance, as all tax professionals, regardless of experience level, will be required to pass the new Registered Tax Return Preparer (RTRP) Competency Test by December 31, 2013, under new IRS regulations. In addition, the IRS now requires tax return preparers to complete certain annual continuing education requirements. Jackson Hewitt is an approved IRS Continuing Education Provider, which allows tax preparers to earn valuable continuing education credit upon completion of courses.
General RTRP Test Info
- Those who pass the RTRP test are then able to prepare any federal tax return or a claim for a refund.
- Passing the test is a one-time requirement to become a RTRP. The continuing education requirement is yearly.
- The test is administered by Prometric, Inc. under the supervision of the IRS. Read more about Prometric's role.
- Only attorneys, certified public accountants, or enrolled agents who are active and in good standing with their respective licensing agencies are exempt from the RTRP test.
- If return preparers have a provisional PTIN but do not pass the RTRP test, the IRS will contact them proposing to deactivate their PTIN and remove them from the list of authorized preparers.
- The test must be taken at a physical testing site location and identity must be authenticated. More information about testing, including test procedures, is available on the http://www.irs.gov/taxpros/article/0,,id=248902,00.htmlIRS website.
- To prepare for the text, the IRS has provided a list of study materials. All efforts have been made to develop questions and answers based on general tax rules covered in the IRS publications
- The test is $116 and must be paid at the time the appointment is scheduled. The test fee is nonrefundable and not transferrable.
- A PTIN and file number is required in order to schedule a test.
- In general, a test can be scheduled within 6 months. At some test centers you may be able to schedule dates farther in advance. View a list of test center locations.
The demand for well-trained, high-quality tax preparers remains high, as roughly seventy million taxpayers turn to a paid tax preparer for assistance in filing a tax return each year. To meet this demand, Jackson Hewitt hires, trains, and deploys a tax preparer workforce comprised of both year-round and seasonal employees. Jackson Hewitt conducts extensive training programs, which support the company's ongoing commitment to providing accurate tax preparation services that meet the needs and expectations of its clients.
"We are excited to get the Jackson Hewitt Tax Schools up and running this year, as we look forward to not only helping individuals prepare to enter the tax preparation field, but also assisting experienced tax preparers with the continuation of their education and preparation for the IRS RTRP test," said Philip H. Sanford, president and CEO of Jackson Hewitt Tax Service Inc. "The IRS has new certification requirements, and our education and training curriculum will be highly advantageous to tax preparers, both in meeting all IRS requirements and standards, and in gaining the skills to excel in the tax preparation field. Well-trained, quality tax preparers are the cornerstone of our business."
Jackson Hewitt's basic income tax course is a progressive tax education program designed for beginners; no prior tax preparation experience is required. Students not only learn about tax law, but are also given the opportunity to apply what they have learned by completing several sample tax returns as they advance through the course. Courses are offered in a traditional classroom setting as well as online. As students progress, Jackson Hewitt assists with obtaining a Preparer Tax Identification Number (PTIN), which is now required in order to prepare federal tax returns for a fee. Additionally, the Jackson Hewitt Tax School curriculum will help prepare tax preparers to take the IRS RTRP Competency Test.
Jackson Hewitt has partnered with ExamMatrix to make their RTRP Competency Test Review course available at a significant discount to all Jackson Hewitt Tax School students. ExamMatrix is a provider of computer-based test preparation courses utilizing adaptive learning technology. The RTRP Competency Test is an IRS-mandated test that tax professionals are required to pass by December 31, 2013, unless they are already a Certified Public Accountant, IRS Enrolled Agent, or an attorney.
Source: PR Newswire/Jackson Hewitt Tax Service Inc.