A tax preparer bond is a type of
insurance policy intended to guarantee that the insured (the
tax preparer) will comply with California Tax Education Council
standards while acting as a tax preparer, and that any fines or fees
levied for noncompliance will be paid.
Pursuant to the California Business and Professions Code, a tax
preparer may not conduct business without having a current surety bond,
and a tax preparer must provide evidence of compliance with the bonding
requirement before rendering any tax preparation services.
A policy in the amount of $5,000 is
required by statute. Most bond providers charge an annual premium
ranging from $25 to $50 for the $5,000 policy.
Below is a list of 10 popular bond
providers (in alphabetical order by domain name). This list was compiled solely
for informational purposes. The California Tax School is not affiliated
with any of these companies.
Please do your research and choose your bond provider carefully.
to Frequently Asked Questions