OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
Board - (ANSWERS)Practitioners, as created by ORS 673.725.
Facilitator - (ANSWERS)A person who materially facilitates the creation of a
refund anticipation loan.
Lender - (ANSWERS)A person who makes a refund anticipation loan using their
own money or a line of credit from a financial institution.
Refund Anticipation Loan - (ANSWERS)A loan that is repaid using funds from a
taxpayer's federal or state income tax refund.
Refund Anticipation Loan Fee - (ANSWERS)A charge, fee, or other form of
consideration imposed by a lender or facilitator for setting up a refund anticipation
loan.
Tax Consultant - (ANSWERS)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 - (ANSWERS)A person who files a personal income tax return with the
federal government or the state of Oregon.
Tax Preparer - (ANSWERS)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 - (ANSWERS)An insured institution, an extranational
institution, or a credit union.
Credit Union - (ANSWERS)A cooperative, nonprofit association, incorporated
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
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 - (ANSWERS)Defined in Section 042 of Chapter 723 of
the ORS.
Federal Credit Union - (ANSWERS)A credit union that is federally chartered.
Affiliate Servicer - (ANSWERS)An affiliate that is a servicer for a financial
institution or a person issued a license under ORS chapter 725.
Intermediary - (ANSWERS)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 - (ANSWERS)Fees charged for tax return preparation
or for filing tax returns electronically are not refund anticipation loan fees.
Refund Anticipation Loan Proceeds - (ANSWERS)Funds received from a refund
anticipation loan.
Oregon Board of Accountancy - (ANSWERS)The board that issues certificates and
licenses for accountants in Oregon.
Licensed Attorney - (ANSWERS)A person who is authorized to practice law and
provide legal advice.
Sections 605 through 740 - (ANSWERS)The laws that specifically address tax
consultants and tax preparers in the ORS.
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
ORS 673.610 - (ANSWERS)Application of ORS 673.605 to 673.740; regulations
that do not apply to certain individuals involved in preparing income tax returns.
Permanent Position - (ANSWERS)A person must have been hired to fill a
permanent position to be exempt from certain regulations.
Fiduciary - (ANSWERS)A person who acts on behalf of another party in managing
assets, including fiduciary estates and beneficiaries.
Certified Public Accountant - (ANSWERS)A professional who holds a valid permit
issued by the state of Oregon and meets specific certification requirements.
Professional Ethics Exam - (ANSWERS)An exam focusing on the code of
professional ethics required for certification as a CPA.
Certification Exam - (ANSWERS)An exam that prospective cpas must take and pass
to become certified, as required by the Oregon Board of Accountancy.
Public Accounting Experience - (ANSWERS)A minimum of one year of experience
in public accountancy or equivalent experience deemed satisfactory by the Oregon
Board of Accountancy.
Public Accounting Firm - (ANSWERS)A firm registered with a state government
that provides accounting services.
Government Employee Exemption - (ANSWERS)A person employed by a
governmental agency is only exempt from certain regulations when performing their
official duties.
ORS 673.615 - (ANSWERS)Prohibits unauthorized individuals from preparing or
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
advising on personal income tax returns.
Licensed Tax Consultant - (ANSWERS)Only individuals licensed by the state can
independently prepare income tax returns for compensation.
Licensed Tax Preparer - (ANSWERS)Individuals who can prepare income tax
returns but must be supervised by a licensed tax consultant.
State Board of Tax Practitioners - (ANSWERS)The authority that issues rules and
regulations regarding the activities of tax preparers.
Refund Anticipation Loan Facilitator - (ANSWERS)A person must be licensed as a
tax consultant or tax preparer to facilitate a refund anticipation loan.
Tax Consultant and Preparer Qualifications - (ANSWERS)Specific conditions
outlined in ORS 673.625 that must be met to become a licensed tax preparer or
consultant.
Age Requirement - (ANSWERS)Prospective tax preparers and consultants must be
at least 18 years old.
High School Diploma Requirement - (ANSWERS)Individuals must possess a high
school diploma or have passed an equivalency exam to qualify.
80 Hours of Education - (ANSWERS)Evidence of successfully completing 80 hours
of education on personal income tax law is required.
Preparer Tax Identification Number - (ANSWERS)A number issued by the IRS that
a tax preparer must possess.
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
Board - (ANSWERS)Practitioners, as created by ORS 673.725.
Facilitator - (ANSWERS)A person who materially facilitates the creation of a
refund anticipation loan.
Lender - (ANSWERS)A person who makes a refund anticipation loan using their
own money or a line of credit from a financial institution.
Refund Anticipation Loan - (ANSWERS)A loan that is repaid using funds from a
taxpayer's federal or state income tax refund.
Refund Anticipation Loan Fee - (ANSWERS)A charge, fee, or other form of
consideration imposed by a lender or facilitator for setting up a refund anticipation
loan.
Tax Consultant - (ANSWERS)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 - (ANSWERS)A person who files a personal income tax return with the
federal government or the state of Oregon.
Tax Preparer - (ANSWERS)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 - (ANSWERS)An insured institution, an extranational
institution, or a credit union.
Credit Union - (ANSWERS)A cooperative, nonprofit association, incorporated
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
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 - (ANSWERS)Defined in Section 042 of Chapter 723 of
the ORS.
Federal Credit Union - (ANSWERS)A credit union that is federally chartered.
Affiliate Servicer - (ANSWERS)An affiliate that is a servicer for a financial
institution or a person issued a license under ORS chapter 725.
Intermediary - (ANSWERS)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 - (ANSWERS)Fees charged for tax return preparation
or for filing tax returns electronically are not refund anticipation loan fees.
Refund Anticipation Loan Proceeds - (ANSWERS)Funds received from a refund
anticipation loan.
Oregon Board of Accountancy - (ANSWERS)The board that issues certificates and
licenses for accountants in Oregon.
Licensed Attorney - (ANSWERS)A person who is authorized to practice law and
provide legal advice.
Sections 605 through 740 - (ANSWERS)The laws that specifically address tax
consultants and tax preparers in the ORS.
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
ORS 673.610 - (ANSWERS)Application of ORS 673.605 to 673.740; regulations
that do not apply to certain individuals involved in preparing income tax returns.
Permanent Position - (ANSWERS)A person must have been hired to fill a
permanent position to be exempt from certain regulations.
Fiduciary - (ANSWERS)A person who acts on behalf of another party in managing
assets, including fiduciary estates and beneficiaries.
Certified Public Accountant - (ANSWERS)A professional who holds a valid permit
issued by the state of Oregon and meets specific certification requirements.
Professional Ethics Exam - (ANSWERS)An exam focusing on the code of
professional ethics required for certification as a CPA.
Certification Exam - (ANSWERS)An exam that prospective cpas must take and pass
to become certified, as required by the Oregon Board of Accountancy.
Public Accounting Experience - (ANSWERS)A minimum of one year of experience
in public accountancy or equivalent experience deemed satisfactory by the Oregon
Board of Accountancy.
Public Accounting Firm - (ANSWERS)A firm registered with a state government
that provides accounting services.
Government Employee Exemption - (ANSWERS)A person employed by a
governmental agency is only exempt from certain regulations when performing their
official duties.
ORS 673.615 - (ANSWERS)Prohibits unauthorized individuals from preparing or
, OREGON TAX PREPARER AND CONSULTANT REGULATIONS OVERVIEW
QUESTIONS WELL EXPLAINED ANSWERS 2026/2027
advising on personal income tax returns.
Licensed Tax Consultant - (ANSWERS)Only individuals licensed by the state can
independently prepare income tax returns for compensation.
Licensed Tax Preparer - (ANSWERS)Individuals who can prepare income tax
returns but must be supervised by a licensed tax consultant.
State Board of Tax Practitioners - (ANSWERS)The authority that issues rules and
regulations regarding the activities of tax preparers.
Refund Anticipation Loan Facilitator - (ANSWERS)A person must be licensed as a
tax consultant or tax preparer to facilitate a refund anticipation loan.
Tax Consultant and Preparer Qualifications - (ANSWERS)Specific conditions
outlined in ORS 673.625 that must be met to become a licensed tax preparer or
consultant.
Age Requirement - (ANSWERS)Prospective tax preparers and consultants must be
at least 18 years old.
High School Diploma Requirement - (ANSWERS)Individuals must possess a high
school diploma or have passed an equivalency exam to qualify.
80 Hours of Education - (ANSWERS)Evidence of successfully completing 80 hours
of education on personal income tax law is required.
Preparer Tax Identification Number - (ANSWERS)A number issued by the IRS that
a tax preparer must possess.
