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5 Benefits of Becoming a Tax Professional
Spring is an ideal time to pursue a career as a tax preparation professional. However, before diving into any career is it always good to consider the pros and cons. Here is a multitude of benefits to becoming a tax preparer. 1. Gain a Sense of Independence Many working professionals want to have automony in their careers, the ability to make their own choices and do something that gives them the ultimate flexibility. Working from home, flexible hours, and choice in clientele are some of the advantages to becoming a tax professional. 2. Easy Market Entry Contrary what many perceive, you don't have to be a financial expert to become a tax professional. There are no credit requirements or a college degree is not necessary. Rather, individuals aspiring to become tax preparers need attributes such as passion and a will to learn and stay motivated to succeed. Another plus is the low startup fees. 3. Accessibility to Resources As a tax preparation professional, there are a variety of resources available to help you when you need it. Resources include: personalized training, guidance on gaining proper certifications, and tax preparation software. 4. Industry Security The industry continues to thrive every year due to the fact that everyone is required to file their taxes. Few other industries offer as much job security. Additionally, more Americans are seeking the help of tax professionals because of the frequent governmental changes in tax filing processes. 5. Satisfaction is High Building strong relationships with others by providing high quality services that people actually need is one of the most fulfilling duties of a tax preparer. To discover resources on how to start a tax prep business, please visit:http://www.americastaxoffice.com/how-to-become-a-tax-preparer ...read more
By America's Tax Office October 01, 2015
The Fair Credit Reporting Act (FCRA)
Fair Credit Reporting Act (Summary) Public Law 91-508 The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy." If, after a reinvestigation by the credit bureau, the disputed information "is found to be inaccurate or can no longer be verified, the [credit bureau] shall promptly delete such information." The credit bureaus are required to complete the investigation within a "reasonable period of time." This period has been set at thirty days. The credit bureaus can ignore the consumer dispute if they have reason to believe that the dispute is "frivolous or irrelevant." The FTC commentary on the FCRA cites, as an example of a frivolous dispute, a dispute wherein the consumer challenges all negative items on his credit report without providing any allegations regarding specific items in the credit file. However, "A [credit bureau] must assume a consumer's dispute is bona fide, unless there is clear and convincing evidence to the contrary." When a consumer challenges a negative credit listing on the basis of extenuating circumstances, such as health problems, divorce, job loss, etc., the credit bureaus are entitled to ignore that dispute. When a consumer submits a dispute which is neither frivolous nor irrelevant by credit bureau standards, the credit bureau must "at a minimum... check with the original sources or other reliable sources of the disputed information and inform them of the nature of the consumer's dispute." In some cases of consumer dispute, "Reinvestigation and verification may require more than asking the original source of the disputed information the same question and receiving the same answer." In other words, when a consumer files or re-files a valid dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete. In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing. In theory and law, the process is deceptively simple, thus leading many people to think that they can easily handle this themselves "for the price of a few postage stamps." Most quickly discover that the credit bureaus have made it much more difficult than one would imagine. For help in this, we recommend using Lexington Law a professional credit report repair company. ...read more
By Consumer Credit Counseling Service 1-800-254-4100 April 27, 2011
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