How much does a tax preparer surety bond cost in California?
Tax preparers in California must post $5,000 surety bonds.
SuretyBonds.com offers these bonds for 3 years of coverage for $50 or 5 years of coverage for $80—meaning that a 5-year bond is just $16 a year! There’s no credit check required, so everyone qualifies instantly. Purchase your California surety bond now!
Because these bonds can be written on longer terms than most, it is important to ensure that you are not currently bonded before contacting SuretyBonds.com, as first-term bonds are non-cancellable, non-refundable legal documents.
5 minutes is all it takes to purchase your California surety bond when you work with the experts at SuretyBonds.com! Call 1 (800) 308-4358 or click here to get bonded!
Why do I need this bond?
By posting a California tax preparer surety bond, principals (tax preparers) pledge to conduct business in compliance with the provisions of Division 8, Chapter 14 of the Business and Professions Code. Specifically, these bonds protect any person from a principal’s misstatements, misrepresentations, dishonesty, fraud, deceit or any other unlawful acts or omissions.
The principal must reimburse the surety for all damages paid out.
What’s the fine print?
Tax preparer bonds in California remain valid for up to 5 years from the effective date. The surety can cancel the bond by giving written notice of cancellation to the principal at least 30 days prior to the effective cancellation date.
How to become a tax preparer in California
To legally practice tax preparation services in California, applicants must first register with the state. To be eligible for registration, applicants must:
- take a 60-hour qualifying education course from an approved provider
- post a surety bond of $5,000
- obtain a Preparer Tax Identification Number (PTIN) from the Internal Revenue Service
- submit an application to the California Tax Education Council (CTEC)
- and more
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