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Secrets to Start a Tax Prep Business | Make money during Tax Season 2023

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💫 Short Summary

To start a tax business and make money, obtain a PTIN number, tax knowledge, and tax software. Become an ERO by passing background checks and setting up a tax office, either virtual or physical, with organization. E-file tax returns through IRS.gov for credibility. Additional tips include providing updated client information, setting tax prices, choosing a location, registering as a business entity, obtaining an EIN number, and partnering with a bank and software company. Stay tuned for more information.

✨ Highlights
📊 Transcript
Steps to Starting a Tax Business
00:53
Obtain a PTIN number and have knowledge of tax laws, certification not required.
Become an ERO by passing background checks and fingerprints, a process that can take up to three months.
Obtain tax preparation software, such as Architects, and set up a tax office with organization.
E-file tax returns through IRS.gov as an authorized provider to enhance business credibility and success.
Tips for setting up a tax office include having updated information for clients, setting up with tax software, providing tax prices, and choosing between virtual and physical locations.
04:35
Registering with the appropriate business entity, obtaining an EIN number, partnering with a bank and software company, and completing necessary preparations are crucial steps.
The video promises more information to come and encourages viewers to stay tuned for further details.