A tax return preparer (TRP) is:
A) Necessarily a CPA as required by the IRS.
B) Not subject to any kind of penalty as he/she prepares return on behalf of taxpayer.
C) Any person who prepares tax returns gratuitously.
D) Any person who prepares tax return for compensation.

Question

Quizplus · Accepted Answer

A tax return preparer (TRP) is any person who prepares tax returns for compensation. This includes both professional accountants and non-professionals who may not have any formal training or certifications. The IRS requires all paid TRPs to have a Preparer Tax Identification Number (PTIN) and adhere to certain ethical and professional standards. TRPs who fail to follow these standards may be subject to penalties or disciplinary actions.

A Tax Return Preparer (TRP) Is