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You will find more than you ever wanted to know about Oregon licensing here:

There's nothing specific in the licensing exams that covers corporate/partnership/estate/etc. tax returns.

To sit for the exam to be a licensed tax preparer a candidate has to take a pre-license course and pass a state board exam. The basic course is 80 hours (I think) and starts from the assumption that you don't know anything about taxes and teachs you to pass the test. As a LTP you have to work under the supervision of a Licensed Tax Consultant, Attorney or CPA.

After two tax seasons and some number of hours experience doing taxes you can sit for the exam to become a Licensed Tax Consultant. That exam is more advanced than the LTP exam but still doesn't cover corporate, etc. taxes. It does include a lot about depreciation and disposition of assets. As a LTC you can be self employed.

Oregon also requires all licensed tax preparers or consultants to complete 30 hours of continuing education classes each year to renew their license.

I see there's a report on a GAO study on the web page but haven't read it. I'm making the assumption that I'll be grandfathered into any federal licensing requirement based on my current Oregon license.

That said, at this point, I have passed 2 of the 3 SEE exams to be an EA. I expect to take the 3rd one on business taxation in a couple weeks - for the second time. Didn't pass that one the first time.

Hope this helps.

Licensed Tax Consultant
Working for a tax prep service with no interest in being self employed.
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