Licensed Tax Consultant-Oregon (LTC)
Credential issued and maintained by
Continuing education requirements for LTCs:
Annual CPE requirement
Licensed Tax Consultants are required to complete 30 hours of continuing education related to tax law and tax preparation, including 2 hours of ethics, per year. To renew their licenses each year, licensees must attest to having completed a minimum of 30 hours of acceptable continuing education during the 13 months prior to each license year.
Subject to random CPE verification
The Board audits licensees on a random basis to verify compliance with continuing-education requirements.
First year LTCs receive CPE waiver
Continuing education is waived for the first renewal of a tax preparer license.
Reactivating lapsed or inactive licenses
Licensed Tax Consultants who allow their licenses to lapse or be inactive for less than three years must attest to 30 hours of acceptable continuing education for each lapsed or inactive year to qualify for license renewal or reactivation.
Expiration date of license
Consultant On-line Renewals are open after April 15th.
Consultant licenses expire on May 31st.
All FunCPE tax & ethics courses qualify for LTC CE credit
The Oregon State Board accepts self-study and online correspondence courses from sponsors that are approved by the Internal Revenue Service (IRS) as a Qualified Sponsor of continuing professional education for Enrolled Agents.
FunCPE is IRS Qualifed Sponsor No.FAE6R.
CE subject matter acceptance
1) Federal Tax
LTC acceptable CE is that which contributes directly to the expertise of the individual in the preparation of income tax returns.
Accordingly, all FunCPE Tax courses are considered appropriate for LTC CE purposes. Courses in the Management or Accounting/Auditing category would NOT be acceptable for CE credit.
The two hours of acceptable CE in professional conduct and ethics may be satisfied through any professional conduct and ethics program that reviews guidelines adopted by the Internal Revenue Office of Professional Responsibility and policies outlined in the Internal Revenue Treasury Department Circular 230.
All FunCPE ethics courses are considered appropriate for LTC continuing education
Are FunCPE courses preapproved by the Oregon Board of Tax Practitioners?
The Oregon Board does not preapprove courses if they are already approved by another acceptable entity such as the IRS.
Oregon tax professionals
The State of Oregon’s Board of Tax Practitioners sets competency and ethical standards for tax professionals practicing in Oregon. Any person preparing personal income tax returns for a fee or representing that they do so must be licensed by the Oregon State Board of Tax Practitioners.
The only exemptions to the licensing requirement are CPAs and Public Accountants licensed by the Oregon Board of Accountancy, and members of the Oregon State Bar who prepare returns for their law clients.
Enrolled Agents practicing in Oregon must hold a consultant license with the Board of Tax Practitioners if they are preparing, assisting or advising in the preparation of individual income tax returns. No LTC license is required if the Enrolled Agent is merely representing the taxpayer before the IRS.