With more people losing jobs every day; there are many who are looking for a way to produce income another way. I know that a lot of them are taking the HRB course with the thought in mind of putting themselves forth as tax preparers. I KNOW this because my assistant is taking that course and it is difficult. They are cramming a lot into their heads in a very short period of time. She came in yesterday to do a couple practice returns on my software. Now, my assistant is a smart cookie and has been studying diligently. She also attended the tax seminar in November with me. However, she is no more ready to prepare a complicated tax return on her own than I was forty years ago.
This is one of the things that frightens me. I know my gal will be OK because she will be working with me; but honestly, they are throwing a lot of tough examples at these students. She had never in her life heard of most of them. Of course, they are dwelling on the credits that are available for the clientele that HRB feeds on. Yes, we have to know these things. We also have to know much, much more. I do believe that paid preparers should be tested and licensed to some degree. That is why I took and passed the (now extinct) RTRP test and continue to keep my AFSP credentials current. I want my clients to be able to trust me. More importantly, I want to be able to trust myself. If there is the slightest doubt in our minds that something we did on a return might not be exactly correct; we NEED to look it up. We have to do everything we can to prepare a complete and correct return.
In closing, I thank this board for everything that I learn here. And I have learned a LOT! I subscribe to several other reference materials as well. I hope that you all have a profitable and successful tax season and a very Blessed Holiday Season.