Suppose I add independent preparers in my organization, and they use their own PTIN to sign the return but my organization name and E-file account, am I responsible for their returns in anyway? Do their return affect me? Legally and practically?
By "practically" I mean: if they have a high percentage of returns get audited and found incorrect, would the IRS has more inclination to audit my returns? (I am not afraid to be audited, but I try to avoid the hassle).
Click this link to vote. Like many good things in life, we have to fight for them.
What is going to show as the firm name on the tax return?
Could these people be considered employees? https://www.robertschriebman.net/articles/part-time-help-in-your-tax-and-accounting-practices-indepe...
You pose the most troublesome questions that I have ever seen on this forum and I am really having second thought about even reacting to this one, but I like bees and have even handled fresh combs from their hive.
(a) In general. A tax return preparer is any person who prepares for compensation, or who employs one or more persons to prepare for compensation, all or a substantial portion of any return of tax or any claim for refund of tax under the Internal Revenue Code (Code).
I would think you can be held accountable for your employees, as in the eyes of IRS you are a Tax Return Preparer