Oregon Tax Preparer and
Consultant Regulations Overview|
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Board - Answer✅✅Practitioners, as created by ORS 673.725.
Facilitator - Answer✅✅A person who materially facilitates the creation of a refund
anticipation loan.
Lender - Answer✅✅A person who makes a refund anticipation loan using their own
money or a line of credit from a financial institution.
Refund Anticipation Loan - Answer✅✅A loan that is repaid using funds from a
taxpayer's federal or state income tax refund.
Refund Anticipation Loan Fee - Answer✅✅A charge, fee, or other form of
consideration imposed by a lender or facilitator for setting up a refund anticipation
loan.
, Tax Consultant - Answer✅✅A person who is licensed by the state to prepare,
advise in, or assist in the preparation of personal income tax returns for
compensation.
Taxpayer - Answer✅✅A person who files a personal income tax return with the
federal government or the state of Oregon.
Tax Preparer - Answer✅✅Someone who is licensed by the state to advise or assist
in the preparation of personal income tax returns for another in return for a
consideration.
Financial Institution - Answer✅✅An insured institution, an extranational institution,
or a credit union.
Credit Union - Answer✅✅A cooperative, nonprofit association, incorporated under
the laws of this state, for the purposes of encouraging thrift among its members and
providing an opportunity for its members to use and control their own money.
Out-of-State Credit Union - Answer✅✅Defined in Section 042 of Chapter 723 of the
ORS.
Federal Credit Union - Answer✅✅A credit union that is federally chartered.
Affiliate Servicer - Answer✅✅An affiliate that is a servicer for a financial institution
or a person issued a license under ORS chapter 725.
Intermediary - Answer✅✅A person who acts solely as an intermediary and does
not deal with a taxpayer in the making of a refund anticipation loan.
Tax Return Preparation Fee - Answer✅✅Fees charged for tax return preparation or
for filing tax returns electronically are not refund anticipation loan fees.
Refund Anticipation Loan Proceeds - Answer✅✅Funds received from a refund
anticipation loan.
Oregon Board of Accountancy - Answer✅✅The board that issues certificates and
licenses for accountants in Oregon.
Licensed Attorney - Answer✅✅A person who is authorized to practice law and
provide legal advice.
Sections 605 through 740 - Answer✅✅The laws that specifically address tax
consultants and tax preparers in the ORS.
ORS 673.610 - Answer✅✅Application of ORS 673.605 to 673.740; regulations that
do not apply to certain individuals involved in preparing income tax returns.
,Permanent Position - Answer✅✅A person must have been hired to fill a permanent
position to be exempt from certain regulations.
Fiduciary - Answer✅✅A person who acts on behalf of another party in managing
assets, including fiduciary estates and beneficiaries.
Certified Public Accountant - Answer✅✅A professional who holds a valid permit
issued by the state of Oregon and meets specific certification requirements.
Professional Ethics Exam - Answer✅✅An exam focusing on the code of professional
ethics required for certification as a CPA.
Certification Exam - Answer✅✅An exam that prospective CPAs must take and pass
to become certified, as required by the Oregon Board of Accountancy.
Public Accounting Experience - Answer✅✅A minimum of one year of experience in
public accountancy or equivalent experience deemed satisfactory by the Oregon
Board of Accountancy.
Public Accounting Firm - Answer✅✅A firm registered with a state government that
provides accounting services.
Government Employee Exemption - Answer✅✅A person employed by a
governmental agency is only exempt from certain regulations when performing their
official duties.
ORS 673.615 - Answer✅✅Prohibits unauthorized individuals from preparing or
advising on personal income tax returns.
Licensed Tax Consultant - Answer✅✅Only individuals licensed by the state can
independently prepare income tax returns for compensation.
Licensed Tax Preparer - Answer✅✅Individuals who can prepare income tax returns
but must be supervised by a licensed tax consultant.
State Board of Tax Practitioners - Answer✅✅The authority that issues rules and
regulations regarding the activities of tax preparers.
Refund Anticipation Loan Facilitator - Answer✅✅A person must be licensed as a tax
consultant or tax preparer to facilitate a refund anticipation loan.
Tax Consultant and Preparer Qualifications - Answer✅✅Specific conditions outlined
in ORS 673.625 that must be met to become a licensed tax preparer or consultant.
Age Requirement - Answer✅✅Prospective tax preparers and consultants must be
at least 18 years old.
, High School Diploma Requirement - Answer✅✅Individuals must possess a high
school diploma or have passed an equivalency exam to qualify.
80 Hours of Education - Answer✅✅Evidence of successfully completing 80 hours of
education on personal income tax law is required.
Preparer Tax Identification Number - Answer✅✅A number issued by the IRS that a
tax preparer must possess.
Tax Preparer Exam - Answer✅✅An exam that must adequately measure knowledge
of federal and state income tax law for tax preparers.
Supervision Requirement for Tax Consultants - Answer✅✅Tax consultants must
meet additional conditions beyond those required for tax preparers due to their
supervisory role.
Tax Consultant Licensing Requirements - Answer✅✅The requirements a person
must fulfill to be licensed as a tax consultant.
1,100 hours - Answer✅✅The total number of hours a person must be employed as
a tax preparer during two of the previous five years.
Equivalent Employment - Answer✅✅Hours worked in a job deemed by the Board
equivalent to working as a tax preparer or tax consultant count toward the 1,100-
hour requirement.
Certification of Employment - Answer✅✅Certification that the prospective tax
consultant worked under supervision for the required number of hours is considered
satisfactory evidence of employment.
Eligible Certifiers - Answer✅✅A tax consultant, an attorney at law, a certified public
accountant, a public accountant with a valid permit from Oregon, or a registered
public accounting firm can certify employment.
Work Experience Considerations - Answer✅✅If the prospective tax consultant did
not work the total 1,100 hours, the Board considers the number of hours employed,
years employed, number of tax returns prepared, and contribution to professional
competence.
Exam Requirement - Answer✅✅The prospective tax consultant must pass an exam
judged by the Board to adequately measure knowledge of federal and state income
tax law, theory, and practices.
Higher Knowledge Requirement - Answer✅✅The exam must be more difficult and
require a higher level of knowledge than that required to become a tax preparer.
Consultant Regulations Overview|
Brand new Exam Questions with
100%Correct Clear Verified
Answers| All Graded A+|Latest
Premium Update| 100%
Guaranteed Success.
Board - Answer✅✅Practitioners, as created by ORS 673.725.
Facilitator - Answer✅✅A person who materially facilitates the creation of a refund
anticipation loan.
Lender - Answer✅✅A person who makes a refund anticipation loan using their own
money or a line of credit from a financial institution.
Refund Anticipation Loan - Answer✅✅A loan that is repaid using funds from a
taxpayer's federal or state income tax refund.
Refund Anticipation Loan Fee - Answer✅✅A charge, fee, or other form of
consideration imposed by a lender or facilitator for setting up a refund anticipation
loan.
, Tax Consultant - Answer✅✅A person who is licensed by the state to prepare,
advise in, or assist in the preparation of personal income tax returns for
compensation.
Taxpayer - Answer✅✅A person who files a personal income tax return with the
federal government or the state of Oregon.
Tax Preparer - Answer✅✅Someone who is licensed by the state to advise or assist
in the preparation of personal income tax returns for another in return for a
consideration.
Financial Institution - Answer✅✅An insured institution, an extranational institution,
or a credit union.
Credit Union - Answer✅✅A cooperative, nonprofit association, incorporated under
the laws of this state, for the purposes of encouraging thrift among its members and
providing an opportunity for its members to use and control their own money.
Out-of-State Credit Union - Answer✅✅Defined in Section 042 of Chapter 723 of the
ORS.
Federal Credit Union - Answer✅✅A credit union that is federally chartered.
Affiliate Servicer - Answer✅✅An affiliate that is a servicer for a financial institution
or a person issued a license under ORS chapter 725.
Intermediary - Answer✅✅A person who acts solely as an intermediary and does
not deal with a taxpayer in the making of a refund anticipation loan.
Tax Return Preparation Fee - Answer✅✅Fees charged for tax return preparation or
for filing tax returns electronically are not refund anticipation loan fees.
Refund Anticipation Loan Proceeds - Answer✅✅Funds received from a refund
anticipation loan.
Oregon Board of Accountancy - Answer✅✅The board that issues certificates and
licenses for accountants in Oregon.
Licensed Attorney - Answer✅✅A person who is authorized to practice law and
provide legal advice.
Sections 605 through 740 - Answer✅✅The laws that specifically address tax
consultants and tax preparers in the ORS.
ORS 673.610 - Answer✅✅Application of ORS 673.605 to 673.740; regulations that
do not apply to certain individuals involved in preparing income tax returns.
,Permanent Position - Answer✅✅A person must have been hired to fill a permanent
position to be exempt from certain regulations.
Fiduciary - Answer✅✅A person who acts on behalf of another party in managing
assets, including fiduciary estates and beneficiaries.
Certified Public Accountant - Answer✅✅A professional who holds a valid permit
issued by the state of Oregon and meets specific certification requirements.
Professional Ethics Exam - Answer✅✅An exam focusing on the code of professional
ethics required for certification as a CPA.
Certification Exam - Answer✅✅An exam that prospective CPAs must take and pass
to become certified, as required by the Oregon Board of Accountancy.
Public Accounting Experience - Answer✅✅A minimum of one year of experience in
public accountancy or equivalent experience deemed satisfactory by the Oregon
Board of Accountancy.
Public Accounting Firm - Answer✅✅A firm registered with a state government that
provides accounting services.
Government Employee Exemption - Answer✅✅A person employed by a
governmental agency is only exempt from certain regulations when performing their
official duties.
ORS 673.615 - Answer✅✅Prohibits unauthorized individuals from preparing or
advising on personal income tax returns.
Licensed Tax Consultant - Answer✅✅Only individuals licensed by the state can
independently prepare income tax returns for compensation.
Licensed Tax Preparer - Answer✅✅Individuals who can prepare income tax returns
but must be supervised by a licensed tax consultant.
State Board of Tax Practitioners - Answer✅✅The authority that issues rules and
regulations regarding the activities of tax preparers.
Refund Anticipation Loan Facilitator - Answer✅✅A person must be licensed as a tax
consultant or tax preparer to facilitate a refund anticipation loan.
Tax Consultant and Preparer Qualifications - Answer✅✅Specific conditions outlined
in ORS 673.625 that must be met to become a licensed tax preparer or consultant.
Age Requirement - Answer✅✅Prospective tax preparers and consultants must be
at least 18 years old.
, High School Diploma Requirement - Answer✅✅Individuals must possess a high
school diploma or have passed an equivalency exam to qualify.
80 Hours of Education - Answer✅✅Evidence of successfully completing 80 hours of
education on personal income tax law is required.
Preparer Tax Identification Number - Answer✅✅A number issued by the IRS that a
tax preparer must possess.
Tax Preparer Exam - Answer✅✅An exam that must adequately measure knowledge
of federal and state income tax law for tax preparers.
Supervision Requirement for Tax Consultants - Answer✅✅Tax consultants must
meet additional conditions beyond those required for tax preparers due to their
supervisory role.
Tax Consultant Licensing Requirements - Answer✅✅The requirements a person
must fulfill to be licensed as a tax consultant.
1,100 hours - Answer✅✅The total number of hours a person must be employed as
a tax preparer during two of the previous five years.
Equivalent Employment - Answer✅✅Hours worked in a job deemed by the Board
equivalent to working as a tax preparer or tax consultant count toward the 1,100-
hour requirement.
Certification of Employment - Answer✅✅Certification that the prospective tax
consultant worked under supervision for the required number of hours is considered
satisfactory evidence of employment.
Eligible Certifiers - Answer✅✅A tax consultant, an attorney at law, a certified public
accountant, a public accountant with a valid permit from Oregon, or a registered
public accounting firm can certify employment.
Work Experience Considerations - Answer✅✅If the prospective tax consultant did
not work the total 1,100 hours, the Board considers the number of hours employed,
years employed, number of tax returns prepared, and contribution to professional
competence.
Exam Requirement - Answer✅✅The prospective tax consultant must pass an exam
judged by the Board to adequately measure knowledge of federal and state income
tax law, theory, and practices.
Higher Knowledge Requirement - Answer✅✅The exam must be more difficult and
require a higher level of knowledge than that required to become a tax preparer.
