My opinion is YES ABSOLUTELY!! You need a license to cut hair, but not to reconcile and prepare taxes? Consider what you're handing over to your tax preparer: your social security number, your bank account numbers, your salary, your mortgage, number of children, investment information, etc. Then consider that anyone can start up a tax preparation business without training or regulation. That's a recipe for disaster.
Some tax preparers are licensed because they're also public accountants or attorneys. The IRS also designates tax preparers after rigorous testing as Enrolled Agents. Enrolled Agents are the only tax preparers who must demonstrate their competence directly to the IRS.
Too many people don't know how to evaluate a tax preparer. If you're working with a CPA or Attorney, ask if they specialize in taxes and what types of tax. When you choose to work with an Enrolled Agent, know you are working with an individual who has already proven his/her knowledge and is mandated to complete continuing education in the areas of tax.
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