What happens if I dont complete my continuing education and apply for a statement of compliance by October 31st?
Your status will be changed to “delinquent” until you complete the required education and complete the renewal application. You will also need to pay the $38.00 delinquent fee, ($25.00 registration fee and $13.00 late fee).Your status will remain delinquent until your application is processed by CTEC. Note that during this time your bond may be canceled by your insurance/surety company, and a tax preparer may not conduct business without a current surety bond. If you do not apply within one year of October 31st, your registration will expire and you will have to meet the qualifying education (60hr course) requirements again and apply as a new tax preparer for a Certificate of Completion.
Related Questions
- What happens if a loan originator doesn complete all 10 hours of continuing education by the end of each year?
- What happens if I don’t complete the required continuing education requirement prior to the expiration date?
- What happens if I complete and pass the PCI Compliance Scan and/or Questionnaire?
