|| VERIFIED QUESTIONS & ANSWERS || HIGH-YIELD CTEC & CALIFORNIA TAX
LAW REVIEW || REGISTRATION REQUIREMENTS, COMPLIANCE & ETHICS ||
COMPLETE STUDY GUIDE || EXAM-READY TEST BANK || GRADED A+
In order to become a CTEC Registered Tax Preparer (CRTP) you must: -
CORRECT ANSWER - All of the above
CTEC is the abbreviation for - CORRECT ANSWER - California Tax
Education Council
The following requirements are required to become a CTEC registered tax
preparer EXCEPT - CORRECT ANSWER - Register with CTEC within 24
months
California law requires anyone who prepares tax returns for a fee and is not
an exempt preparer to register as a tax preparer with the California Tax
Education Council (CTEC). Exempt preparers include all following
individuals except: - CORRECT ANSWER - Registered Tax Return
Preparers (RTRPs)
The renew your CTEC registration all CRTPs must: - CORRECT ANSWER
- All of the above
As of January 1, 2005, the California Franchise Tax Board has the authority
to identify and penalize unregistered tax preparers. The amount of the
penalty for the first failure to register is: - CORRECT ANSWER - $2,500
Any person who for a fee, assists with or prepares a State or Federal tax
return, or assumes responsibility for such a return, or who offers these
services is required to: - CORRECT ANSWER - Comply with the Tax
Preparers Act