Minimal Start-Up Costs

Starting a home-based tax business can be done very inexpensively.  Since you will have very little overhead, you can charge less than your competition and still make a great profit. 

Home-based Tax Business Start-up Cost (assuming you already have a PC and printer):

  • Comprehensive Income Tax Course (including student text) $499
  • IRS registration to become a Tax Preparer - fee to be determined - probably between $40-$100
  • IRS basic competency exam fee - fee to be determined
  • Professional tax preparation software (lower cost options are available) $500
  • Tax preparation Marketing and Tax Office Supplies $500

The main things you will need are:

  • Tax preparation training
  • A computer
  • Other equipment, such as a printer, copier, fax machine
  • Internet service
  • Professional tax preparation software (we have a few suggestions)
  • Office supplies
  • Business cards
  • A Preparer Taxpayer Identification Number (PTIN) from the IRS (no cost)
  • An Electronic Filers Identification Number (EFIN) from the IRS (no cost)
  • Registration as a Return Preparer with the IRS
  • Fast refund products - if you want to offer them

Learn More:

Have a question? Give us a call today at (800) 984-1040 or send us an email.