All Paid Tax Return Preparers Must Sign Up with the IRS

question 41

True/False

All paid tax return preparers must sign up with the IRS and obtain a preparer tax identification number.

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Definitions:

Interest Rate

An interest rate is the percentage of principal charged by the lender for the use of its money or the rate earned on deposits.

Annual Interest Rate

The percentage of principal earned as interest on an investment or paid on a loan over a one-year period.

Down Payment

An initial, upfront partial payment for the purchase of expensive items/services, typically associated with real estate or vehicles.

Accrued Interest

The interest that has accumulated on a bond, loan, or other financial instrument since the last interest payment was made.